Dealer drives off with £30m
March 3 2013, 12:01am, The Sunday Times
A YORKSHIRE car dealer is set to drive off with up to £30m after selling Gilder Group to JCT600, a rival chain. Garry Scotting, chief executive of Sheffield-based Gilder, took control of the chain of dealerships 11 years ago.
He has been in talks with the Bradford-based JCT600 about a sale of the £200m turnover business since last summer. Scotting said: "The acquisition marks an end of an era for me, one of which I am extremely proud."
The deal, understood to be worth £20m-£30m, is the largest JCT600 has done. It includes nine Audi, VW and Seat car and commercial vehicle dealerships, two parts depots and a body shop.
It is expected to boost JCT600's annual sales to £850m. Following the acquisition, JCT600 will…