Inverness-based motor group Macrae and Dick – Scotland’s oldest car dealership – is under new ownership.
Coach firm Park’s of Hamilton announced it had acquired the company, which was established in the Highland capital to provide horse-drawn vehicles in 1878.
The acquisition will add a further 12 dealerships to the group, including in Inverness, Elgin and Aberdeen.
Francis Hamilton, majority shareholder and chairman of Macrae and Dick, said: “When we decided we were to sell the business we sought out a motor group in Scotland which was similar to our own and one which likewise expresses commercial competence, courtesy to its customers and concern for its staff.
“In that I have identified Park’s Motor Group whose chairman, Douglas Park, I have known for decades and he has my absolute trust in these fields.”
Park’s of Hamilton director Graeme Park said: “We are thrilled to bring such a prestigious group into the Park’s portfolio and we look forward to the new challenges of extending our business.
“We believe this is the right move for us. It is a purchase which sits well within our ethos and it is one which we are confident will enhance our business and add even more value.”