Southampton: Truck dealer Adams Morey acquired by leading motor group

RSM corporate finance has advised Midlands-based Greenhous Group on its acquisition of Southampton-headquartered Adams Morey.

Greenhous Group is a leading group of motor dealerships offering the sale, servicing, parts and bodyshop facilities for new and used cars and commercial vehicles. Greenhous Group is one of the Sunday Times Top 100 privately owned businesses and is regularly ranked within the top performing dealers in key motor publications.

Adams Morey is an established group of commercial vehicle dealerships offering used and new vehicles across the South of England.

Steve Hubbard and Umito Choji from RSM’s corporate finance team supported the Greenhous Group management team on the transaction. RSM’s Stephen Green, Mark Leyland and Dan Ayre delivered financial due diligence; and Steve Brown and Adam Gough supported on tax structuring and tax due diligence. Martin Sweeney and Kate Fox from Schofield Sweeney acted as legal advisers to the Company.

Steve Hubbard, corporate finance partner at RSM, said: ‘The deal brings together two complementary businesses which will enhance the reach and scale of Greenhous.

"We’re delighted to have supported a long-standing client to achieve the next phase of growth as the business looks ahead to the future.’