Steer Automotive completes second strategic bolt-on

Chiltern portfolio company, Steer Automotive, has completed its off-market acquisition of Scotland’s largest accident repairer, Bennett’s of Scotland Ltd.

With its state of the art repair facilities in Edinburgh, Glasgow and Ayr, Bennett’s provides repair coverage to over 70% of vehicles on Scotland’s roads for the UK’s leading insurers and accident managers.

Richard Steer, CEO of Steer Automotive, commented: “We’re delighted to welcome the team at Bennett’s into the fold. The addition of the Bennett’s sites has significantly increased the geographic reach of our operations and we look forward to working with our existing and new clients to provide repair services to their customers.”

It is the second acquisition the Group has completed since Chiltern’s initial investment in March 2021. Alistair Gray, Investment Manager at Chiltern, commented: “We are delighted to support the team at Steer Automotive with its acquisition of Bennett’s and look forward to working together to realise the full potential of the enlarged group while we seek further bolt-on opportunities.”

Stay in touch with Chiltern Capital