Hewitsons drives automotive sector deal
Cambridge law firm Hewitsons has played a key role in the sale of vehicle services provider C Walton Ltd by the Walton family to Cox Automotive UK Limited which is based in Leeds.
It is the buyer’s biggest deal to date in the UK but no figures are being revealed.
As part of the transaction, Cox acquired CWL’s vehicle services business which operates from three locations – in Bruntingthorpe (Leicestershire), Wyton (Cambridgeshire) and Long Bennington (Lincolnshire). The deal also includes CWL’s proving ground and events businesses.
CWL offers an extensive range of fleet management and vehicle services on a mass scale, including new and used car vehicle preparation and reconditioning, defleet services including inspections and MOT, logistics and storage, as well as full support for electric vehicle handling.
Commercial director John Walton said: “We are very proud of our heritage as a family-owned, independent business. When Cox Automotive approached us to acquire the business a major factor in deciding to sell was that they shared similar values to ours. They are also a family business.
“Our experience and expertise naturally complement that of Cox Automotive and we believe it will be a perfect fit to help the business to continue to grow.”
The multi-department deal involved a number of lawyers from across Hewitsons’ various specialist units at its Northampton and Cambridge offices and was led by partner in the commercial team David Browne.
He was assisted by Neil Harpham, Anne-Sophie Reynolds, Motunrayo Adeeyo, Marc Carter, Nick Hall, Chris Nuttall, Kevin Fletcher, Gemma Dudley, Karen Luxton-Walsh, Clare Colacicchi and Katherine Hague.
The deal harnessed legal expertise encompassing Hewitsons’ corporate; environment; commercial property; employment; pensions and private wealth specialisms.
David Browne said: “We were delighted to represent the Walton family in what was a complex sale, harnessing the skills and expertise right across the firm and delivering absolute client focus in every aspect.”