Fast expanding Steer Automotive Group has acquired Chartwell and M&A Coachworks, two top-end crash repair businesses.
Derby-based Chartwell, established in 1966, holds manufacturer approvals from Aston Martin, Ferrari, Jaguar, Land Rover, Lamborghini, Maserati, Honda NSX, McLaren, Mercedes Benz.
Chris Brightmore, managing director of Chartwell, will remain operationally responsible for the firm while chairman Mark Grogan is exiting the business.
M&A Coachworks has bodyshops in London, Hertfordshire, Berkshire and Snetterton. It was established by Brothers Michael Dionisiou and Adonis Kyriacou in 1971.
It is approved by Porsche, McLaren, Ferrari, Maserati, Lamborghini, Bentley, Aston Martin and Lotus.
George Dionisiou is stepping down as chairman while Dean Dionisiou, sales director and other family members remain in the business with Danny Rota as managing director. Steer said it will offer support to the management of both businesses.
“I am delighted to welcome Chartwell and M&A Coachworks, along with their talented teams, to our group.
“These iconic brands represent the pinnacle of the luxury repair market. We are dedicated to preserving the heritage of these esteemed businesses, which are strongly associated with the world’s premier supercar brands.
“This acquisition significantly broadens our presence in the luxury sector and reinforces our dedication to superior automotive services” said Richard Steer, chief executive.
Steer Automotive is rapidly consolidating the bodyshop sector with a string of acquisitions in the past two years.