Family owned Marshall Motor Holdings, which includes dealer group Marshall Motor Group and Marshall Leasing, has partially floated on the Alternative Investment Market (AIM).
The Marshall family, which has owned the business for over 105 years, will continue to own the majority of the shares after the listing.
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The listing raised approximately £36.9m (50.35m), which the company said would be used to accelerate growth, fund acquisitions and be invested in the Group’s existing operations such as its online presence and upgrading existing sites.
Peter Cakebread, managing director of Marshall Leasing, said: "I have spent the last twenty five years working to build Marshall Leasing into a respected player within our industry. This move is great for the Group, as it is all about investment in our future. It will enable us to take full advantage of any growth opportunities, whilst enhancing our ability to deliver on client expectations. Meanwhile, our values and commitment to customer service will remain unchanged."
The Marshall Motor Group claims it is the second largest privately owned dealer group in the UK.
In 2014 the company reported £1,050.5m in retail revenue and £35.2m in leasing revenue.
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