Tyne Tees Vehicle Repair Group (TTVRG), with five sites across the north-east of England, has been acquired by Steer Automotive Group.
Founded in 1970, Tyne Tees Vehicle Repair Group is a family-owned business employing 64 people across its five sites. The business boasts well-established accident management and insurer client relationships, and a reported turnover of £8.3m in its most recent filed accounts.
The acquisition by the multi-award winning Steer Automotive Group will support further development in the region, with investment in technology, geographical reach, and people supporting TTVRG’s already substantial success in the area.
TTVRG owner and managing director, Darren Norton, has joined the Steer Automotive Operations board as part of the deal, and will play a key role in the Group’s future strategy to broaden its footprint both inside and outside the north-east region.
Darren said: “This is an exciting moment for our business as we join an ambitious and progressive group in which all of our existing employees, suppliers and customers can thrive. I am looking forward to continuing to lead and grow TTVRG’s outstanding workforce backed by the expertise and resources of our new colleagues within Steer Automotive.”
Steer Automotive chief executive, 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 TTVRG 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 here with support from Darren and his team.”
Steer Automotive Group now operates with a turnover of £60m per annum from 21 sites across the Midlands, north-east and Scotland employing over 400 team members and repairing in excess of 30,000 vehicles per year.
