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Maserati Cardiff has been sold by Arrow Automotive Limited for an undisclosed sum to South East based dealer group Motorline who operate franchises for Volkswagen, Toyota, Lexus, Renault, Dacia, Hyundai, Peugeot, ŠKODA and Nissan already have a Maserati dealership in Maidstone, Kent.

Talking about the deal, Glen Obee, Chairman of Motorline said,”I am delighted we have acquired the Cardiff Maserati dealership and this highlights our commitment to Maserati after opening the dealership in Maidstone last year. We see a bright future for the brand and look forward to developing the relationship further.”

David Kendrick, Partner at UHY Hacker Young who handled the sale said,”This is a great acqusition for Motorline and fits well with their other representation points in the area. We are seeing more transactional activity than ever with some strong values being atrributed to motor retail businesses. This deal again highlights the consolidation that continues to take place in the sector.”

The team at HRC Law advised the vendors on the sale and consisted of Mark Traynor, Richard Whalley, Helen Marsh and Sherrelle Scott. Speaking of the deal, Mark Traynor, a Partner at HRC Law said “Advising the seller on this transaction highlights our growing nationwide reputation in this increasingly active sector.”

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