Gordons advises G3 Vehicle Auctions on acquisition of Cazoo wholesale arm

Gordons has advised G3 Vehicle Auctions on its acquisition of online used car marketplace Cazoo’s Bedford-based wholesale arm as part of the company’s ongoing UK expansion plan.

A team led by Gordons corporate partner, Duncan Firman, advised G3 on the deal.

It is planned that the new premises will serve as a sister site to G3’s flagship centre in Castleford, which was purpose-built and opened in 2021. The company will invest in the site over the next 12 months with the aim of it becoming an electric vehicle-focused auction centre.

Matt Dale, co-owner of G3, said: “This year is the 15th anniversary of G3, and after the recent development of our G3 Castleford centre and the uptake it has had in the industry, we have been actively seeking the right opportunity to extend our network across the UK.

“We are excited to bring on board a group of experienced individuals to the team and collectively drive the service we’ve become known for at G3 into a new region, with further expansion opportunities currently in the pipeline.”

G3 ultimately aims to offer more than 30,000 vehicles a year at its new G3 Bedford auction facility, with a mixture of existing and new sellers channelling their vehicles to used car dealers nationally and in the region.

Duncan Firman said: “It was a pleasure to support the G3 team throughout the deal from start to finish, and it’s great to have helped get this over the line.

‘The addition of a new remarketing centre in Bedford will be pivotal for G3, and the expansion represents a fundamental step in allowing the management team to continue to drive the business forward.”

You can learn more about the work of Gordons’ corporate and M&A expertise here.