| Date: | November 2019 |
|---|---|
| Project: | Acquisition Support |
| Sector: | Motor |
| Role: | Lead advisor to buyer |
We are delighted to have assisted Mike Kirkham, owner of Jordan Inc Limited on the acquisition of Chelmsford Accident Repair Specialists Limited (CARS) from Jason Rickett.
Founded by Jason’s father in 1991, CARS is the largest independent bodyshop in the Chelmsford area and surrounding postcodes, repairing vehicles through many of the UK’s major insurance companies and manufacturer networks. Over the last 18 months, Jason has been gradually taking steps back from the business to enable the post-sale transition to work as smoothly as possible. The deal now enables Jason to fully retire from the business.
Adjacent to his own trading business at City Bowl in Chelmsford, Mike has admired the transformation of CARS over the past few years. Having joined the FIX Auto Group network, CARS is undergoing a period of rapid growth which required new offices, MOT and servicing bays away from the bodyshop. Mike will continue to support the growth and expansion under the stewardship of Operations Manager Danny Ashwell.
Having advised Mike on the sale of his manufacturing business EDS Engineering in 2018, Forward Corporate Finance continue to act as trusted lead advisor on this and a number of other ongoing projects.