Endeavour Automotive acquires Turners Hyundai businesses
John Caney’s Endeavour Automotive Limited have today acquired the two Hyundai businesses and a bodyshop located in Bury St Edmunds and Ipswich from Turners of East Anglia for an undisclosed sum.
This acquisition takes Endeavours representation with Hyundai to 7 locations, with a total of 22 across all brands. The sale also sees brothers Glen and Ian Turner retire from the industry to focus on property interests.
John Caney, CEO of Endeavour said:-
“I am delighted to have acquired the three businesses from Glen and Ian Turner, MG Kerry body shop in Ipswich along with Turners Hyundai Ipswich and Turners Hyundai Bury St. Edmunds.
This is a very important move for the group expanding our reach beyond our existing territory into Suffolk, creating a continuous territory from our Colchester Hyundai business. The Turners business is a fantastic opportunity with a great territory and we very much look forward to welcoming the Turners colleagues into the wider Endeavour group and building on the huge success already achieved at a very exciting time for all.
This acquisition further cements our very strong relationship with Hyundai UK and takes the groups representation with the brand to seven locations.
I would also like to take the opportunity to thank Ashley Andrew and the senior HMUK team for their continued support for further growth and development of the Group.”
Glen Turner of Turners said:-
“This represents a strategic development for both Endeavour and Turners to develop and enhance their respective business ambitions. We wish them all the best for the future.”
The deal was managed by David Kendrick and his automotive team at UHY Hacker Young who represented the sellers. David said: -
“The Turners are one of the longest established families in the automotive sector and this sale now sees them retire as Endeavour continues to grow and consolidate buying up smaller operators. It makes perfect sense for John to make this acquisition as it expands their footprint with Hyundai further into East Anglia. I don’t think this will be the last of the deals this year as we head into Q4…..plenty of activity out there.”