Darlington automotive firm acquires 77 accident repair company sites in £11m deal

An automotive services provider has today announced its acquisition of dozens of accident repair sites for £11m.

Redde Northgate, which is based in Darlington, has acquired 77 of Nationwide Accident Repair Services’ 102 bodyshop sites.

Approximately £17m of gross assets will be added to the company’s portfolio, and the 2,300 Nationwide staff at these locations will all retain their jobs under Redde Northgate.

The acquisition is the company’s first since the merger between Redde and Northgate.

Martin Ward, CEO of Redde Northgate, commented: “At the time of the Redde Northgate merger, we set out our vision to become the leading integrated mobility solutions provider.

“This acquisition, our first post-merger, is in line with that vision and significantly increases our strategic and operational capability to support a wider number of business partners requiring automotive repairs.

“We expect this acquisition will open up new markets to the group, and in combination with an established pipeline of repair work from existing group companies, such as FMG, it is well placed to maximise future opportunities.

“We welcome those Nationwide colleagues who will be joining the Redde Northgate Group and we look forward to creating new value and service offerings for all our stakeholders.”