CMV Group acquires Mt Gambier dealer


South Australian family-owned businesses combine

CMV Group acquires Mt Gambier dealer
L to R: Barry Stafford (BMG car dealer principal), Michael Crawford (CMV director), David Millard (BMG group managing director), Paul Crawford (CMV managing director), Jim Cornolo (BMG truck dealer principal)

 

Adelaide-headquartered automotive retailer CMV Group has reached an agreement to acquire Mount Gambier dealer Barry Maney Group (BMG).

CMV comprises trucking, automotive and farming divisions and sells and services brands such as Mack, UD and Volvo.

Their existing relationship with Paccar brands Kenworth and DAF also extends more than 50 years with dealerships at Cavan in Adelaide and Hallam in Melbourne.

CMV’s acquisition of BMG will extend its Kenworth, DAF, Hino and Cummins portfolio and take on new brands Ford, Hyundai, and Volkswagen.

CMV says in recognition of late founder Barry Maney’s legacy, the businesses will retain the Barry Maney banner and employees.

CMV managing director Paul Crawford welcomed the acquisition, adding: "CMV’s relationship with BMG goes back to the 1970s, with a strong personal relationship between our father, Jim Crawford, and Barry Maney Group founder, the late Mr Barry Maney OAM."


Read more about CMV Group's Derrimut facility opening, here


"Barry would be delighted that the business is being handed over to a business that he held in such high regard, and that all BMG staff will remain in employment as part of the acquisition," Shirley Maney says on behalf of the Maney family.

BMG managing director David Millard noted the similar trajectories of the businesses.

"With the parallel histories of the two organisations, it really felt as though the transition of ownership to the CMV Group was a natural progression.

"We are just delighted that the CMV Group, a family-owned company with similar values to ourselves, has had the opportunity to acquire the business.

"The partners have every confidence that the CMV Group will be able to utilise their substantial experience and help to further grow the Barry Maney business."

The transfer is expected to occur in early January, subject to franchisor approval.

 

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