WESSEX Garages, which has a branch in Newport, has been sold to VT Holdings for an undisclosed sum.

Keith Brock, managing director at Wessex Garages, said: “The complete share capital has been sold to VT Holdings Co Ltd, a major international motor company. Our existing business partners and manufacturers have been most supportive in working with us and we would like to thank them for their support and patience.

“We now have seven dealerships based in South Wales and the South West, which fits exceptionally well with VT’s existing companies – Griffin Mill Garages and CCR Motor Co. VT Holdings will also give Wessex access to funding for future growth and the relationship as a whole will be good for our existing and potential customers, our loyal staff and the business overall.

“Wessex Garages has developed a great regional brand and it is the intention for Wessex Garages to continue in its existing format for the foreseeable future. The company will still be known as Wessex Garages and I will continue as the managing director, which will ensure continuity.

“Established by Steve Patch almost exactly 30 years ago with one site on Feeder Road in Bristol, since then the business has grown into what it is today – a modern, progressive and award-winning motor dealer group. We were also recently voted as one of the most inspiring companies in a report for the London Stock Exchange and have won numerous awards for business performance, customer service and environmental campaigns.

“Rest assured it will be business as usual for all our staff and customers, and we’re looking forward to a highly prosperous and successful future under our new ownership.”

The Newport branch of Wessex Garages is a dealer for Kia, Hyundai, Fiat and Renault and is based at Newport Retail Park, Spytty.