AURELIUS Equity Opportunities, based in Germany, has acquired AutoRestore from Belron International.
AutoRestore is a provider of mobile accident repair services and will complement AURELIUS portfolio companies Rivus Fleet Solutions and Pullman Fleet Services, which have offerings for commercial fleets focussing on light commercial vehicles (LCV) and heavy goods vehicles (HGV), respectively.
Headquartered in Rushden, Northamptonshire, AutoRestore, which traded as Autoglass® BodyRepair under Belron®, was 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.
Matthias Täubl, CEO of AURELIUS Equity Opportunities, 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.”