Independent DAF franchise Heathrow Truck Centre Group has purchased fellow DAF franchisee Morgan Elliott Group for an undisclosed sum.
The deal includes two dealer sites at Belvedere and Croydon taking the Ballyvesey Holdings-owned HTC Group to seven depots in south and west London, Berkshire and Oxfordshire. The deal also brings an extra 117 employees to the group.
Paul Irving, group MD, says both Colin Morgan and Roger Elliott, owners of Morgan Elliott, will retire from the company. "Together they have built a superb business with a similar ethos to our own. They can be sure their business is in safe hands. I wish them well in their future retirement plans.
"This latest acquisition is a perfect fit geographically for HTC, and leaves our enlarged company a significant player in the DAF dealer network and one of the largest companies in the Ballyvesey Holdings Group," he says.
Ballyvesey Holdings bought HTC Group from Paccar in 2008 with three sites at Heathrow, Luton and Park Royal. In September 2009 HTC Group bought two sites in Oxford and Reading from the Barnes Group.
Year: 2015 | Body Type: Hook loader | Cab Type: Day | Registration: MX15DYO | Mileage: 546,000 km | Power: 412 bhp
Year: 2016 | Body Type: Crane | Cab Type: Day | Registration: DS16YNE | Mileage: 218,824 km | Power: 286 bhp
Year: 2016 | Body Type: Tractor unit | Cab Type: Sleeper | Registration: FJ66 UWD | Mileage: 751,000 km | Power: 440 bhp
