NEWPORT Ford has been acquired by Cwmbran Ford dealership owner Jeff Cleverly. The deal, which also includes the Chepstow Ford dealership based at Tutshill, will see the creation of a £65m business with 220 employees.
Mr Cleverly, aged 51, has acquired the two garages through a wholly-owned subsidiary Mon Motors, part of the J D Cleverly Group which also owns the Capital Motors Volkswagen dealership at Merthyr Tydfil.
Jeff Cleverly sold Vauxhalls in the 1980s before buying Mon Motors, an existing Ford dealership, in 1990 with Volkswagen following as a new business in 1998.
The deal was put together with the assistance of Lloyds TSB Commercial in Cardiff.
*PICTURED: Jeff Cleverly (right) with Carl Stafford, of Lloyds TSB commercial group.
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