Chesterfield-based ADR Accident Repair Centres has been sold to AutoGlass sister company AutoRestore in a deal involving the Sheffield offices of business advisers Grant Thornton and Nabarro.
ADR was founded in Chesterfield more than 30 years ago by Andy Blair, employs around 400 people and has a network of 11 accident repair centres stretching from Warwick to Pontefract.
AutoRestore is part of the global Belron group, the world’s largest vehicle glass repair and replacement specialist which operates across 34 countries.
Belron is best known for creating the mobile repair market 11 years ago and has completed more than 200,000 vehicle body repairs at customers’ homes and workplaces, using its patented mobile bodyshops.
The deal creates the UK’s second largest vehicle body repair group, with more than 500 employees.
ADR’s Andy Blair said: “This is fantastic news for ADR customers and staff. As part of a larger international group serving the automobile market, the company will be in a secure position to take advantage of opportunities to grow and develop.”
Ian Marwood, Claire Davis, and Krista Fox from Grant Thornton’s Sheffield office led the vendors’ team of advisers, while Nabarro provided legal advice through corporate lawyer Jeremy Thompson.
Andy Blair praised Grant Thornton for its assistance: “Having worked with Grant Thornton over the last four years, the firm has played a key role in our success, providing a wide range of services from auditing to tax advice and now corporate finance expertise. Having advisers who really understand our business helped the sales process to run more smoothly.”
Grant Thornton’s Claire Davis said: “Andy started his career as a mechanic and built up the company from scratch – we’re delighted to see his years of hard work realised. This is a mutually beneficial deal with the acquisition of ADR also strengthening Belron’s offering by complementing its existing auto businesses.”