Saturday, May 4, 2024

Long-established Suzuki & Subaru dealer acquired by Leeds group

Colin Appleyard Limited, one of the longest established Suzuki & Subaru dealer groups in the UK, has been acquired by Leeds-headquartered D. M. Keith Motor Group.

Colin Appleyard Limited, which represents Suzuki in Bradford, Keighley, Ashton-Under-Lyne and Huddersfield, alongside Subaru in Keighley and Huddersfield, was initially founded by the late Colin Appleyard in 1971 and run by his son Robin Appleyard since 2010. The acquisition sees D. M. Keith’s first venture with Suzuki, giving it a scaled footprint from day one with the brand.

D. M. Keith has expanded substantially over the last decade, most recently acquiring Ringways Ford and Kia in Leeds back in 2021. It now operates 19 businesses across sites in Yorkshire, Lincolnshire and Greater Manchester. This acquisition sees the group grow to an anticipated 2024 turnover to be in excess of £300m.

On 14 February, all Colin Appleyard employees and assets were transferred to D. M. Keith Ltd, increasing the total number of D. M. Keith employees by 125.

The deal was brokered by David Kendrick & Ian McMahon of UHY Manchester, funded by Natwest Bank and the legal advice by Gordons LLP, Leeds.

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