P Tuckwell Ltd are pleased to announce an agreement in principle has been reached to acquire the business Burden Bros Agri Ltd, John Deere’s main dealer for Kent, East Sussex and parts of Surrey. Heads of Terms have been agreed and signed by both parties and the process is now underway to complete the business acquisition over the coming months. This proposed acquisition does not involve any other businesses in the BB⁴ Group of Companies.
The agreement is for the purchase of the entire business and therefore all employees will transfer as part of the sale and the three existing branch locations at Stockbury and Ivychurch in Kent and Framfield in East Sussex will be retained.
The Burden Bros Agri business will operate as normal but under the new ownership and management of the Tuckwell family. Through this agreement we look to achieve continuity for the BBA team and customers while enabling us to continue to build on the team’s hard work and enhance the customer experience.
The intent to acquire shows our total commitment to both the Ag and Turf industry. The agreement consolidates our standing as one of the UK’s leading machinery dealerships and positions us perfectly to maximise the potential of both businesses in a rapidly changing world.
For our existing customers the combined dealerships offers us greater security and the ability to invest further in our great team, our facilities and technologies so that we can go much further in supporting your businesses and delivering an exceptional customer experience.
James Tuckwell shared his thoughts on the acquisition saying that “Growth gives a strong platform that will enable our business to continue building on the great legacy that my Grandfather started 66 years ago. However growth is only good if it is done in the right way with the right intentions and the right mind-set. Keeping true to our core values of looking after people must remain at the forefront of our planning. As a family business I can assure you that our team and our customers will always remain our number one priority and we will strive to grow sustainably and responsibly, delivering ever-increasing levels of customer service and support.”
For more information on this agreement, please contact James Tuckwell at james@tuckwells.com
ENDS (Sept 2020)
