Nissan Motor (GB) has sold its 13 West Way sites it owns to a handful of dealer groups.
The acquisitions will be finalized by the end of August, with the transfer of 450 employees from West Way.
Yeomans will acquire sites in Aldershot and Basingstoke. Glyn Hopkin will take over the Mill Hill concession and Hendy will acquire the Southampton business.
The remaining nine West Way sites in Birmingham, Wolverhampton, Rochdale, Stockport, Altrincham, Coventry, Stourbridge, Oldham and Manchester, including the group’s head office and support functions, are being purchased as an unnamed group.
Andrew Humberstone, Managing Director of Nissan Motor (GB) Ltd., said: “We have conducted a strategic review of our business operations to focus on sustainable profitability for the future, in line with our Nissan NEXT global transformation strategy. .
“West Way is a high performing company that delivered record results in 2021 and delivers excellent levels of customer service. This, combined with the launch of Nissan’s exciting and electrified new products, makes it a very attractive proposition for these investors.
“They are able to leverage the synergies of their existing business units and ensure that these dealer sites can continue to grow and maintain the excellent experience our customers are accustomed to receiving.”
Nissan announced last week a restructuring of the UK dealership network.
Jon Roberts, current Managing Director of West Way, said: “I would like to personally thank our colleagues entering new ventures in the South for their dedication and contribution to the group over many years.
“It’s a really exciting time for the remaining West Way sites being acquired as a group, which will allow them to build on the huge success of recent years, with 2021 being a record result. As part of this West Way will also see the investment required in businesses to take them to the next level.