Midland Motor Fuels acquires Golds Garages in a deal brokered by Christie & Co

Golds Garages had been owned and operated by Paul Goldingay, an industry veteran, for over 50 years. Initially operating as a petrol station, the site evolved into a vehicle hire, servicing and MOT business, with sites in Walsall and Cannock.

The thriving vehicle hire business, renowned for its high standards in vehicle servicing and MOT work, boasting Ford approved technicians and state of the art facilities, has experienced good growth following the pandemic. Paul’s manager, Alison Thurston, who has worked for Golds for over 38 years, has been instrumental in helping Paul develop Golds and will continue under the new ownership.

Paul comments, “I have really enjoyed building Golds Garages into a successful business and well-recognised regional brand. I wouldn’t have been able to do it without the help of Alison Thurston, my manager and the wider team at Golds. I want to thank Dave Morris at Christie & Co who worked tirelessly to help me sell the business. Without Dave, this deal would not have been successful and I cannot recommend him enough. I am now looking forward to my semi-retirement where I will continue to look after my hotel and self-catering Cottages in St Ives.”  

Having known Paul for a number of years, new owner, Shailesh Parekh recognised the excellent opportunity that Golds presents and the potential for further growth. He decided to seize the opportunity to expand and diversify his forecourt portfolio with the purchase. The acquisition takes the number of sites operated by Midland Motor Fuels to seven.

Shailesh comments, “I am extremely excited to add another business to my growing portfolio. Golds not only has a service station with good potential to expand but also has the opportunity to diversify away from fuel. I would like to thank Paul for giving me the chance to acquire such a professionally run business and I am excited about the future.”                                                                                   

The deal was brokered by Dave Morris, Retail Regional Director at Christie & Co. He commented “It was a pleasure acting for Paul on the sale of Golds Garages. Paul has worked hard to ensure that over the last 50 years, Golds has evolved and continued to succeed, adapting to changing consumer habits and technologies in the motor trade. I wish Paul all the best with his semi-retirement. Shailesh has a great opportunity to take this well-established business to the next level.”

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For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager

P: 020 7227 0794 or E: bronte.hughes@christie.com

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