“Ian and I had been running the family business for over 20 years and we were fully committed day by day and week by week. As time went on, we naturally started to think about a future away from the business and an opportunity to do other things.
We got John on board early on to help us with the grooming process. His detailed analysis of the financials identified areas where we could improve our pricing model to increase profitability.
The sale process itself took some time but John advised us to be patient and wait for the right deal. John identified the Steer Automotive Group as an attractive buyer, made the introductions and led us through the process.
Selling the business that we loved was a big decision and stressful at times. John’s involvement was absolutely vital in helping us manage through and getting a deal that we were very happy with”.
Lynne Wallis – Director and Owner of Premier Panel Skills Limited.
Premier Panel Skills was acquired by the Steer Automotive Group in a multi-million-pound deal advised by Skye Corporate Finance Limited
Premier Panel Skills Limited is an award-winning car body repair specialist based in Surrey with a focus on the prestige end of the market. With manufacture approvals from the likes of Porsche and Jaguar Land Rover, Premier Panel Skills developed to become a leading provider not just in the South of England but across the UK.
The business was established, owned and operated by Ian and Lynne Wallis.
Steer Automotive Group is a fast-growing and acquisitive car repair business with over 100 locations in the UK. The acquisition of Premier Panel Skills helped Steer to enter the prestige marketplace.
Skye Corporate Finance was appointed by Ian and Lynne initially to assess the status and value of the company. Thereafter Skye led a controlled sales process, identifying the purchaser and then negotiating, structuring and project managing the transaction to completion.