Cooper Parry’s Corporate Finance and Transaction Tax teams have advised one of the leading repair body shops in the UK; Gemini Accident Repair Centres Limited who have been acquired by Steer Automotive Group, backed by Oakley Capital.
Gemini represents the biggest acquisition for Steer to date, with the acquisition including all 38 site locations across the UK from Edinburgh to Cornwall.
Established in 2008 by Tim Hopkins, Gemini has grown from a single-site operation to a semi-national network. It’s renowned for its dedicated customer relationships and innovative training and apprentice programs. Through their unique repair proposition, providing unparalleled levels of service to their highly valued core client relationships, they have established an outstanding and successful business model. Their acquisition by Steer means their repair process will further enhance mutual client relationships and performance, developing and improving client experience delivery across the UK.
Tim Hopkins, CEO at Gemini Accident Repair Centres said:
“I would like to thank Cooper Parry for their exceptional support and expertise during the sale of our business, Gemini Accident Repair Centres. Their dynamic and adaptable approach truly helped, as they not only listened carefully to our objectives but also worked hard to ensure a successful outcome.
Their guidance and professionalism were instrumental in achieving a positive result in the sale of the business. I highly recommend Cooper Parry for their outstanding service and commitment to their clients’ success.”
Richard Steer, Chief Executive at Steer Automotive Group said:
“We are proud to welcome Gemini’s exceptional team into the Steer family. Gemini’s innovative repair proposition and steadfast dedication to outstanding service have set an industry benchmark. Their business model, which consistently delivers top-tier service to their valued clients, will greatly enhance our operational capabilities. This acquisition strengthens our commitment to service excellence across the UK, ensuring that we remain at the forefront of the automotive repair sector and continue to meet the evolving needs of our customers.”
KATIE CASH, Manager at Cooper Parry Corporate Finance added:
“Gemini has established itself as one of the key players in the automotive repairs industry and built an excellent reputation. We’re delighted to have been able to support the shareholders on this transaction and look forward to seeing the business flourish with Steer.
This deal underlines Cooper Parry’s expertise and commitment to supporting businesses operating across the manufacturing and industrials sector.”
