Birmingham’s Leacy Classics flags down London Taxi Group in strategic purchase.
Leacy Classics is on the acquisition trail again after announcing the purchase of the Milton Keynes-based London Taxi Group.
The Birmingham firm, which sealed a deal to buy Mini specialist Min-Its two weeks ago, will now be able to move into a new market supplying parts around the globe for use in repairing the iconic London taxis.
It now has access to a 6000-strong parts range for multiple marques and models of the cabs and – for the first time – will be opening up these products online to make ordering quicker and more efficient. As part of the acquisition, Leacy has also purchased a fleet of 21 taxis that are ready to be lovingly restored – the earliest one dating back to a 1950s Marque 7 Beardmore model.
“We are delighted with the purchase. It represents a strategic move into a growing international sector and will diversify our current offering,” explained CEO David Keene. “London Taxi Group is a well-known brand that has a loyal customer base, who are passionate about their vehicles. One of our key aims is to ensure the continuity of these iconic vehicles for the next generation of owners by enhancing the customer experience even further.”
Established more than 35 years ago in a small unit in the West Midlands, Leacy Classics has grown into one of the UK’s premier sources for classic car parts. A reputation for customer service, an extensive range of products and quick delivery has seen it double its turnover following the acquisition by the present owners in 2011.
Many of the high quality British sports car spares it stocks are manufactured exclusively for the company using original tooling it has purchased over the last 35 years, whilst its fully equipped workshop can cater for general maintenance through to full restorations.
David concluded: “We have ambitious plans to hit £10 million by 2018 and the acquisition of strong businesses like London Taxi Group will complement our organic growth. 20 new jobs will be created at our dedicated Aston Lane warehouse as part of this expansion and we are already in the process of recruiting the right people.”