Moore Blatch has acted for the shareholders of Jim Barker Motor Factor Limited on the sale of the entire issued share capital of the company to Alliance Automotive Group UK Limited.
Jim Barker is a single site light vehicle parts distributor based in Widnes with sales of c¬£2million and employs approximately 19 people. Graeme Read, shareholder and co-owner of Jim Barker, commented: “We have never sold a business before and we’re delighted with the support and guidance provided by Jeremy Over, Stacey Browne and Moore Blatch’s wider employment and real estate teams”. Read continued: “The whole process has undoubtedly been made easier by having such professional people working on our behalf”.
Commenting on the deal, Jeremy Over, Partner at Moore Blatch, said: “Congratulations to Graeme and Warwick, who have worked tirelessly over many years to build a sound and sustainable business, and we’re delighted to be able to help them with their exit to the Alliance Group.”
The team at Moore Blatch was led by Jeremy Over (Partner, Corporate) and included Stacey Browne (Solicitor, Corporate), Stephanie Clark (Solicitor, Employment), Josie Beales (Trainee Solicitor, Employment) and Sadia Sham (Solicitor, Commercial Property).
Alliance Automotive was advised by Shakespeare Martineau.