Management buyout sees founder Josh Sadler become heritage director to advise classic 911 buyers
Noted Porsche specialist Josh Sadler has sold his Autofarm business to the management team.
Founded more than 40 years ago by Sadler (pictured above, left), the Oxfordshire-based business is now being run by Mikey Wastie and Steve Wood (middle and right). They have a long history with the company – Wastie has worked there for 15 years and will oversee the engines, projects and restoration division, while long-time supplier and former Carrera Cup racer Steve Wood will manage the service and storage side.
Sadler will retain a role, however, looking after the classic car side of the business as director of vehicle sales and heritage. The trio have been quietly working on the transition for the past six months, and have recently taken on two new employees.
Sadler said: ‘I’m delighted Mikey and Steve engender the true passion needed for the Porsche marque and our customers.
‘Stepping away from the day-to- day running will enable me to focus more on our car sales plus classic and heritage side. As 911 values have risen, provenance has become increasingly important and investors are seeking perfect, correct-specification cars. It’s an area where, with our expertise and history, we can really help customers.’
Autofarm has cemented its position as one of the UK’s leading authorities on the 1973 Carrera RS 2.7. Last year it sold a two-owner, Italian-market version with under 80,000 miles on the clock for more than £500,000 before it came to market.
Speaking about the RS, Sadler added: ‘We always knew they were special, hence we decided to log them right from when we started Autofarm in 1973, when these cars were new.
‘We couldn’t predict the rocketing values, however, otherwise I would have put more old racers we had away in our store!’