Chiltern has completed an investment in Steer Automotive Group Limited (“Steer Automotive”), the fastest growing network of B2B specialist vehicle repair centres in the UK.
Since foundation in 2003, Steer Automotive has successfully expanded its customer base, geographical coverage and service capabilities and is now a trusted partner to leading insurers, accident managers and vehicle manufacturers.
The company’s highly trained technicians deliver over 12,000 repairs per year across its 11 sites. Since receiving Chiltern’s investment, the business has completed its first acquisition, Premier Panel Skills, a prestige vehicle repair specialist which is one of only 14 Porsche approved repairers in the UK.
Richard Steer, CEO of Steer Automotive, commented: “I am very pleased to have the support of Alex, Alistair and the team from Chiltern. From the outset, it was clear that they understood our business and were the right partner to help us achieve our ongoing growth plans and we now look forward to working alongside them to deliver our vision for Steer Automotive.”
Alex Sheffield, Partner at Chiltern, added: “We are delighted to be supporting Richard, Gavin, and the rest of the Steer Automotive team at such an exciting time for the company. With our investment, the company is well-positioned to accelerate the delivery of its acquisition plan and we look forward to working closely with this ambitious team during the next phase of the company’s growth.”