EvolutionCBS Client, C&C Vehicle Services, acquired by Steer Automotive Group

EvolutionCBS is delighted to announced that its Client, commercial repairer C&C Vehicle Services, has been acquired by the award-winning Steer Automotive Group.

Established in 1986, C&C Vehicle Services has grown successfully and developed a class leading reputation, providing repair and refurbishment services for commercial vehicles and trailer units from 3.5 tonnes through to 44 tonnes. With over 35 years’ experience, C&C works with a customer portfolio spanning retail, logistics, waste management as well as leading insurers and commercial fleet managers. It has five sites spread nationally along major traffic routes with plans to grow the footprint. The acquisition complements Steer’s current national network of passenger car repair locations and delivers on their stated ambition to enter the rapidly growing commercial vehicle sector with a specialist division focussed on the LCV market.

Commenting on the transaction, C&C Vehicle Services Financial Director Darren Charlesworth said “This is a really exciting deal for C&C and our staff. What really stood out to us was that Steer bring loads of energy and positivity to the table. Not only do they have a track record of looking after their people, a priority for me, they have a drive and enthusiasm to develop them. Their industry leading apprenticeship programme is a shining example of that. They are also committed to supporting our growth aspirations by increasing the number of workshops we have across the country.”

Mark Newnes, Managing Director of C&C Vehicle Services noted “Darren and I are very proud of the strong performance of C&C over the last 3 years and with the backing of Steer we are really confident for the future. This acquisition will enable us to invest in the future and build a national commercial network.”

Mike Whittle, Managing Director of EvolutionCBS who led the transaction on behalf of the shareholders of CVR Group Holdings & C&C Vehicle Services said “It’s been my pleasure working with Mark & Darren day to day on this transaction – they have exemplified the commitment, professionalism and work ethic that underpins C&C Vehicle Services in this process. A big thank you also to Jack Skofic, Paul Hawkes, Richard Steer and Gavin Ruddick from Steer Automotives Group for working with us so collaboratively in this process – Having worked closely with both teams, I have no doubt that the combined group will continue to go from strength to strength.

Commenting on working with EvolutionCBS, Mark Newnes said, “It’s been a pleasure to work with Mike and the team at EvolutionCBS over the last 12 months – their professional team have worked side by side with us throughout and have really helped drive the process forward in order achieve a successful outcome”.

Darren Charlesworth added “From the first discussions with Mike, he sold us his team’s relevant experience and dynamism. We found the whole EvolutionCBS team very professional, responsive and easy to work with throughout every stage of the transaction.”

Mike Whittle also went on to thank the supporting teams “I’d like to thank Stephen Chadwick and his team from Beyond Corporate and Rachel Turner and her team from HCR Legal for their excellent work on the legal front and Chas Ruprai and his team from RSM and Brian Bradley and the Clarke Nicklin Team for their professionalism on the financial DD works – a pleasure working with them.”

About EvolutionCBS

As a long-established premium provider of business sale advisory services to UK businesses, EvolutionCBS offers business owners a complimentary and confidential discussion on how their specific objectives could be met and provides pragmatic, practical advice on how to begin preparing both themselves and their businesses for a future sale.

EvolutionCBS works with owners of UK businesses in any sector, finding buyers from around the world through highly targeted research and supporting clients with dedicated Director-led teams at every stage of their journey to a successful sale.

 

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