Thirsk car dealership completes MBO in move to boost sustainability
A Yorkshire car dealership has announced that it has been purchased in a management buyout set to make the business more sustainable.
LR Motors, based in Thirsk, has been acquired by Ross Munro, who has been running operations for the company since 2015.
Ross has now completed the purchase of the company from Charles Fawcett, founder of Twisted Automotive, and has set out plans to make the firm more sustainable.
He commented: “We are taking Defender and early 90 and 110 models that are 20, even 40 years old and recreating them so that they last for another 20 or 40 years.
“These vintage vehicles have an enduring appeal but are a sustainable alternative to buying brand new vehicles.
“Our commitment is to give every vehicle a new lease of life, with just two or three LR Classic vehicles being built every year.
“We are dedicated to ensuring we live in an environmentally friendly world; this includes sourcing parts as locally as possible, to reduced shipment miles – a very different story from that of brand-new vehicles, that are commonly assembled overseas.
“Whereas originally, we concentrated on selling high quality used Defender, great examples are becoming rarer to source and we want to shift our focus to the LR Classic.”
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