Ashtons advise on sale of Dingles Motor Group
Ashtons Legal has advised well-known Norfolk businessman John Dingle, owner of Dingles Motor Group, on its sale to Sussex-based St Leonard’s Motors in early July for an undisclosed seven figure sum.
As a result of the purchase, St Leonard’s Motors gains Toyota, Hyundai and Isuzu franchises in Norwich, Lowestoft and Attleborough, in addition to its existing six site operation.
Dingles Motor Group was established by George Dingle in 1919 and it remained a family-run business with John Dingle at the helm having joined the family business in 1975, as the third generation Dingle.
John Dingle said: “I would like to take this opportunity to thank you all of our customers and employees over the years – it has been a pleasure”.
James Tarling, Partner at Ashtons who led the transaction said: “We were delighted to be able to help John Dingle achieve a successful exit from the business. Customers and staff alike will be pleased to learn that the thriving business he has developed will live on – St Leonard’s Motors are committed to continuing the business out of the current locations and its long-term future is assured”.
John Dingle added: “I found Ashtons Legal to be very professional in its approach to the sale, everybody was very helpful and available 24/7. Their team had experience in every part of the sale be it in property, HR and Corporate”.
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