The automotive retail market in the United Kingdom has attracted the attention of North American investors, with investors from the United States and Canada displaying a keen interest in pursuing acquisitions in this sector. It is anticipated that there will be an increase in the number of acquisitions throughout the course of this year.
Renowned expert and dealmaker in the UK motor retail industry, David Kendrick, has formed a partnership with DSMA (Dealer Solutions Mergers and Acquisitions) based in Toronto, through UHY Hacker Young. This partnership aims to facilitate connections between UK dealer group owners seeking to exit and a North American client base that is prepared to invest and expand. Kendrick’s insights and expertise are expected to play a crucial role in this venture.
DSMA, established in Canada in 2012 and later expanded into the US in 2018, has an impressive track record of approximately 457 successfully completed transactions. Their current focus is on the sale of a 10-site group in the state of New York, with a value of $1 billion (£790 million). The interest and confidence displayed in this deal further highlight the appeal of the UK’s automotive retail market to North American investors.
The involvement of UHY Hacker Young in around 40% of UK automotive retail transactions strengthens the belief in the potential of the cooperation between the two entities. Furthermore, this collaboration is seen as an opportunity to not only attract clients from the Middle East for expanding their UK auto retail investments but also to pave the way for entry into the North American market.
It is evident that the UK’s automotive retail industry presents a promising investment landscape for North American investors, particularly those with an appetite for growth and substantial resources. As this trend continues, it is expected that more transactions and partnerships will materialize, further enhancing the dynamics of the UK automotive retail market. If this trend persists, it will undoubtedly have a transformative effect on the industry, unlocking new opportunities and driving substantial growth.
As the landscape of UK automotive retail undergoes shifts and transformations, it is essential for industry professionals and stakeholders to stay informed and updated with the latest developments. By staying abreast of industry news and insights, individuals can make well-informed decisions and capitalize on the emerging opportunities in the automotive retail sector.