Revive! Auto Innovations secures major investment
Revive! Auto Innovations has secured investment from Mobeus Equity Partners to support the next phase of growth.
The investment will drive network growth in new areas, technician recruitment, technology development, as well as marketing and operational infrastructure
The company completed around 270,000 bodywork and alloy wheel repairs last year, reporting a 10% sale increase to £26.5m.
Investment comes following the news that co-founder Terry Mullen will retire with Mark Llewellyn remaining in post as managing director.
Exciting moment
He said: “This is a hugely exciting moment for Revive!. We’ve built a strong, resilient and highly scalable business, and this investment allows us to accelerate that momentum.
“Mobeus understands our model, our sector and our franchise-first approach. Together, we are exceptionally well positioned to capitalise on a growing market opportunity.”
Mullen added: “I’m incredibly proud of what we’ve built at Revive!, not just in terms of commercial success, but the strength of the network and the values that underpin it. The business is in a fantastic position, with a strong leadership team and the right partner in place to take it forward.”
