We’re pleased to have advised the shareholders of Lloyds Autobody Limited, the established luxury vehicle repair specialist with operations in Liverpool and Manchester, on its sale to Steer Automotive Group.
Lloyds Autobody is renowned for its craftsmanship, expertise and commitment to delivering exceptional repair standards for some of the world’s most prestigious automotive brands. Under the new ownership, the business will continue to operate from its existing sites, supported by Steer’s investment and operational infrastructure.
As part of the transaction, majority shareholders will step away from the business following completion, with Steer ensuring a smooth transition for staff and customers as the business integrates into The Steer Luxury Collection.
Richard Steer, CEO of Steer Automotive Group, said: “Lloyds Autobody Limited is a respected name within the luxury repair sector and an excellent fit for The Steer Luxury Collection. Their reputation for precision, quality and customer care reflects the values that define Steer. We look forward to supporting the team as they join the Collection and continue delivering an exceptional repair experience for customers.”
Leading on the provision of legal advice to the shareholders of Lloyds Autobody were Hill Dickinson Corporate partner and the head of the firm’s Liverpool office, Matt Noon, assisted by legal director Lizzie Jones, and trainee solicitor Eibhlinn Logue, with legal director Rosie Martindale providing specialist property advice.
We are delighted to have supported the shareholders of Lloyds Autobody with this significant transaction. The business has built an outstanding reputation for quality and service in the luxury automotive sector, and this deal signifies an excellent strategic move. It was a great deal to play a part in.Matt Noon
Corporate Partner at Hill Dickinson
Matt Noon said: “We are delighted to have supported the shareholders of Lloyds Autobody with this significant transaction. The business has built an outstanding reputation for quality and service in the luxury automotive sector, and this deal signifies an excellent strategic move. It was a great deal to play a part in.”
Lloyds Autobody founder and main selling shareholder Ged-Lynch Smith added: “Matt and his team did a great job and were an intrinsic part of the deal. They were really responsive, commercial and user-friendly throughout and generally great to deal with.”