December 2021

Steer Automotive completes fourth strategic acquisition

Chiltern portfolio company, Steer Automotive, has completed the acquisition of accident repairer, Tyne Tees Vehicle Repair Group Ltd (“Tyne Tees”).

Founded in 1970, Tyne Tees has grown into one of the largest and most highly respected repair specialists in the UK. The transaction provides Steer Automotive with a scaled presence in the North-East from which further growth will be delivered.

Richard Steer commented:

“This is another important step in our ongoing growth plans as we continue to deliver our vision for Steer Automotive. From the outset, it has been clear that Tyne Tees are outstanding operators and will be an excellent addition to our group. The North-East is a terrific region in which to do business and we are looking forward to expanding our profile and service offering her with support from the Tyne Tees team”

It is the fourth acquisition that Steer Automotive has completed since Chiltern’s investment in March 2021. Alistair Gray, Investment Manager at Chiltern, commented: “We are delighted to have supported the team at Steer Automotive with this acquisition and we look forward to supporting Richard and the team as they realise the full potential of the enlarged group and continue the Buy + Build strategy.”