Aurelius Equity Opportunities SE & Co KGaA has acquired AutoRestore Ltd – previously trading as Autoglass BodyRepair – from Belron International Ltd.
AutoRestore, a leading provider of mobile accident repair services, will complement Aurelius portfolio companies Rivus Fleet Solutions and Pullman Fleet Services which have offerings for commercial fleets focussing on light commercial vehicles and heavy goods vehicles, respectively.
Headquartered in Rushden, Northamptonshire, AutoRestore traded as Autoglass BodyRepair under Belron. Established as a division of Belron in 2010, AutoRestore currently operates a fleet of over 130 mobile repair vans, providing over 30,000 repairs a year to B2B customers, including insurance and fleet management companies, as well as growing its B2C offering.
Currently providing same-day mobile accident body repair services through a virtual garage network, AutoRestore will benefit from operating alongside Rivus, which boasts 55 locations, supported by 800 employees and mobile technicians servicing commercial fleets with a focus on LCVs.
In addition, AutoRestore’s customers are expected to benefit from accessing Pullman’s full suite of services for HGV and LCV fleet management outsourcing, repair and maintenance from 25 service centres with over 70 mobile service vehicles and more than 430 employees.
Rivus, Pullman and AutoRestore together solidify the fleet management and accident repair offering developed by Aurelius since its first acquisition in the sector in a complex corporate carve-out from BT Group in 2019.
Matthias Täubl, CEO of Aurelius Equity Opportunities SE & Co KGaA, said: “The acquisition of AutoRestore is the latest in a series of corporate carve-outs Aurelius have executed in recent months, following HÜPPE GmbH and the co-investment in Panasonic’s European Consumer Battery Business Units as well as Bring Frigo. It demonstrates our continued ability to identify new growth potential in businesses which complement our existing portfolio, in this case significantly expanding and enhancing the full suite of fleet management services AURELIUS provides in the UK.”
Tristan Nagler, Managing Director of Aurelius in the UK, said: “The acquisition of AutoRestore will further strengthen Aurelius’ fleet management offering in the UK and is another demonstration of Aurelius’ buy-and-build approach. The partnership between AutoRestore, Rivus and Pullman presents strong growth potential for the businesses. Our operational experts will ensure a smooth transition of ownership for AutoRestore and drive partnership with our existing platform, bolstering an already compelling offering we have established in the sector.”
