Moore Blatch has advised the shareholders of FMP Motor Factors on their sale to Alliance Automotive Group (AAG) for an undisclosed sum.
A member of the Groupauto distribution Network, FMP Motor Factors employs some 70 staff from 4 branches in South Wales. The deal provides further acquisitive expansion for AAG, a leading distributor of passenger and commercial vehicle parts to the independent automotive aftermarket in Europe.
Neil Melmoth, principal shareholder of FMP Motor Factors commented: “A BIG thankyou to Jeremy, Kirsty, Samantha, Sadia and Stephanie for all your help and guidance in this sale, and for getting it over the line on time”.
Commenting on the deal, Jeremy Over, Partner at Moore Blatch, said: “Congratulations to Neil and Colin on their exit, and to AAG on the latest addition to its growing portfolio. We wish all parties every success for the future.”
The team at Moore Blatch was led by Jeremy Over (Partner, Corporate) and also included Kirsty Bowyer (Associate, Corporate), Samantha Grose (Trainee Solicitor, Corporate), Stephanie Clark (Solicitor, Employment) and Sadia Sham (Solicitor, Real Estate).
AAG was advised by Shakespeare Martineau.