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 […]
Penske Completes Rybrook Acquisition in the United Kingdom
The Penske Automotive Group, Inc. (NYSE: PAG) announced that it has completed the previously announced acquisition of Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Three of the BMW locations also retail BMW […]
Penske Automotive Group Acquires 15 Dealerships in United Kingdom
Penske Automotive Group, Inc. (NYSE: PAG) today announced that it has agreed to acquire Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Additionally, three of the BMW locations also retail BMW Motorrad motorcycles. […]
Aviva Insurance Subsidiary Solus Opens 22nd Collision Repair Center in UK
Solus, a wholly-owned subsidiary of insurer Aviva, has opened its latest collision repair center in the United Kingdom at Newport, South Wales. The new collision repair center is the first Solus site in Wales and is part of Aviva’s strategy to support customers by increasing the number of claims managed from start to finish. Located […]
LKQ Completes Divestiture of GSF Car Parts to Epiris
LKQ Corporation (NASDAQ:LKQ) today announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. The divestiture fulfills LKQ’s undertaking to the UK’s Competition and Markets Authority to sell the GSF business in connection with LKQ’s acquisition of Uni-Select Inc. that was completed August 1. […]
UK National Body Repair Association Announces Greener Bodyshop Awards
The National Body Repair Association (NBRA) announced the winners for the Greener Bodyshop winners held on September 14. “We are very honoured to recognise and award those who have made a significant impact in the industry, from environmental improvement and positive changes in business culture to their commitment to diversity and inclusion,” said Thomas Hudd, […]
Andrian Furness Named Managing Director of Activate Group Motor Repair Network in the UK
The Activate Group announced the appointment of Adrian Furness as Managing Director of its Motor Repair Network business. Furness will take up his new role on October 2. Activate Group specializes in accident management services and partners with some of the country’s best-known fleets and insurers to service hundreds of thousands of claims a year. […]
GT Motive Partners with OEC to Connect UK Customers to Competitive OEM Parts
GT Motive has announced a partnership with OEC to provide customers with access to competitively-priced OEM parts available directly from OEC’s Vision collision platform in the UK starting this year with plans to extend to other European countries in the future. David Vella, Executive Director of GT Motive, said, “We’re proud to partner with OEC […]
Association of British Insurers Reports Motor Insurance Claims Up 29% in Second Quarter, Cost of Vehicle Repairs Up 46%
Motor insurers paid out £2.5 billion ($3.1 billion) in motor claims in the second quarter of this year, up 29% on the £2 billion paid in the same quarter last year according to latest Association of British Insurers (ABI) data published September 5. This was the highest quarterly figure since we started collecting data back […]
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 […]
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