C Walton provides vehicle services and fleet management services on large scales which includes new and used car preparation, reconditioning, defleet services, inspections, storage, logistics, and in-life services for vehicles.
With this purchase, Cox Automotive UK will be able to scale up its vehicle services for new clients who are participating in physical or online auto auctions.
Martin Forbes, Chief Executive at Cox Automotive UK, said:"‘Although we provide some vehicle services to support existing customers with their remarketing and defleet strategies, we have wanted to significantly increase the range and scope of whole-life vehicle services available to new clients for some time."
"We have long admired how CWL operates in this market, growing its business through delivering high-quality whole-life vehicle services. With the addition of CWL, Cox Automotive UK will now be able offer all aspects of a used car remarketing programme, including vehicle services on a much larger scale, to support both existing and potential new customers."
C Walton processes around 200,000 vehicles every year at its Bruntingthorpe location and offers storage for around 25,000 vehicles. During 2019, Walton built a new services facility in Wyton to help meet increasing consumer demand.
During the past decade, C Walton has seen growth within the vehicle services market and became one of the top companies within the industry.
John Walton, Commercial Director of CWL, 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."
"Cox Automotive is also a family-owned company, plus we know many of the Cox Automotive UK and Manheim team, as we’ve shared a site together at Bruntingthorpe for years."
"Our experience and expertise naturally complement that of Cox Automotive, and we believe it will be a perfect fit to help the business continue to grow."