Oakley Capital, the pan-European private equity investor, announced it has reached a conditional agreement to invest in Steer Automotive Group, the UK’s largest independent collision repair group. Founded in 2018 by serial entrepreneur Richard Steer, Steer Automotive has expanded through 18 acquisitions, establishing a network of over 100 collision repair centers. Steer, and the current […]
UK’s Steer Automotive Group Acquires 5 Location Commercial Vehicle Collision Repair MSO
The Steer Automotive Group has acquired C&C Vehicles Services that operates five commercial collision repair and refurbishment facilities in the UK along major travel routes. The acquisition marks the launch of the Steer Commercial Division with plans to grow the footprint of commercial facilities beyond the five acquired locations. Established in 1986, C&C Vehicle Services […]
UK’s Steer Automotive Group Acquires 32 Collision Repair Centers
Steer Automotive Group today announced the acquisition of the businesses of Apollo Motor Group and Balgores Motors. The two businesses have a total of 32 collision repair locations with £90m ($114.5 million) sales and 700 staff. The acquisition builds on Steer’s network, extending further into the south of England and increasing Steer’s scale and capacity […]
UK’s Steer Automotive Acquires Three Collision Repair Centers Bringing Total Locations to 60
UK-based Steer Automotive announced the acquisition of North East Accident Repair Centres (NEARC) with three operating sites in Newcastle, Sunderland and Darlington. The two owners of NEARC, Roger Collings and Bob Taylor, were looking to sell their shareholding and despite interest from several parties they felt that Steer Automotive was the best cultural fit for […]
Axalta Named Preferred Paint Partner at 57 Steer Automotive Group UK Sites
Axalta (NYSE:AXTA) announced it signed a multi-year agreement with Steer Automotive Group, the UK’s largest independently owned vehicle repair organization. Under the terms of the agreement, Axalta is the single preferred paint partner, supplying its premium refinish brand Standox to Steer Automotive Group’s 57 UK sites. “This new partnership demonstrates our shared goals of building […]