Aston Barclay has agreed a deal to acquire Leeds-based Independent Motor Auctions (IMA), increasing its group sales volumes by 10,000 vehicles per year.
This latest investment from the Rutland Partners-backed Aston Barclay will see IMA’s existing disposal volumes and customer base transfer to Aston Barclay’s new Wakefield centre during the first quarter of 2019. All 20 employees at IMA will also transfer to the site in time.
Independent Motor Auctions’ LCV team will also support Aston Barclay in growing market share in this area with dealers and fleet vendors. IMA’s current LCV sale caters for vendors such as British Gas, Yorkshire Water, ADT, National Grid and local councils.
Justin Lane, currently managing director of IMA, will assume the role of northern auction operations director at Aston Barclay Group taking on overall responsibility for Wakefield, Leeds and Donington Park.
Lane said: “We are joining Aston Barclay, a company with which we share many values, at the perfect time. Aston Barclay’s digital journey is far advanced, and we are excited to be a part of the growing success story.
The move comes as Aston Barclay opens its 18-acre Wakefield super centre. The facility is intended to combine digital technology with a physical auction experience, providing vendors and buyers with a retail type customer experience.
Aston Barclay’s chief executive officer Neil Hodson said: “We are delighted to welcome Independent Motor Auctions to the group which has been well run by the highly experienced Lane brothers. They are a natural fit for us as a business and once our Wakefield site became reality we accelerated our acquisition plans. The auction’s vendor fit is complementary to ours while their LCV expertise adds further value to our proposition.”
Founded in 1979, Independent Motor Auctions celebrates its 40th anniversary in 2019. It was acquired by John and Justin Lane in 2006, and currently works with vendors such as Ogilvie Fleet, Arval, Arnold Clark and British Gas.