Lawyers advise longstanding client on acquiring sports car engineering firm

The corporate team at Wilkes, a leading West Midlands law firm, has announced they have advised longstanding client Sports Purpose Limited on their acquisition of the renowned historic racing specialist, Sporting & Historic Car Engineers Limited.

This strategic acquisition will enable Sports Purpose to expand their expertise into the historic racing car segment, complementing their existing business serving the specialist rare Porsche market.

Sporting & Historic Car Engineers, established in 1989 by Tim Samways, has earned an reputation as one of the premier historic racing businesses in the UK, achieving numerous successes including the first win by a Ferrari at the prestigious Goodwood Revival RAC Tourist Trophy race in 2007.

Tim will be retiring but will retain a role with the company as a consultant engineer, helping with the many projects that he has initiated.

James Turner, founder of Sports Purpose, said: "Tim and his company are synonymous with historic racing and the highest quality cars.

“We are thrilled at this opportunity to work with Tim and his talented team in Greatworth, building on their legacy while expanding into the historic racing segment."

"I have known Jeremy Parkin since we first worked together over a decade ago. He has been an invaluable advisor as we have grown Sports Purpose.

While his legal counsel is excellent, I regard Jeremy as a trusted consigliere, providing reliable wisdom and guidance on our corporate matters. It's a pleasure working with Jeremy and his team at Wilkes."

On this deal, Sports Purpose were advised by Jeremy Parkin, Consultant from the Wilkes Corporate with support from Matt Workman, Paralegal and Leighann Richards of the Wilkes Real Estate team.

Jeremy Parkin said: “We are delighted to have assisted James on this landmark deal and wish him every success with the newly-acquired business.”