IRG acquires WBC
Innovative Repair Group (iRG) has acquired Bristol based WBC Automotive.
The move comes following WBC entering into administration in early December after experiencing a slow return on investment from upgrades to its property, plant and machinery.
Steve Peart, managing director of iRG, said, ‘This is a great acquisition of a fantastic repair facility and is a perfect fit for our business model. We welcome all 41 highly trained staff members into the iRG Group and look forward building on the great reputation of the business.’
IRG employs more than 200 staff across its network of 10 vehicle repair centres spanning South Wales and England.
Joint administrators Richard Tonks, of Baldwins Accountants, along with Alistair Wardell and Eddie Williams from Grant Thornton UK oversaw the sale.
Alistair said, ‘The level of interest in WBC was a testament to the quality of the business and having considered the offers received it is great to complete a sale that allows the business to continue under iRG.’