The company operates as a nationwide specialist provider of outsourced for motor insurers and insurance brokers, working together with claims management services for drivers who have been involved in a road traffic accident. Employing 450 people, the company is headquartered in Crewe and operates 11 depots around the UK, with a total diverse fleet mix in excess of 2,000 vehicles.
Sovereign said it will work with the management team to grow the business both organically and through carefully selected acquisitions to meet the increasing demand for its offering.
The management team is led by its founder, Shaun Ellison, who will continue in his role as managing director. Sovereign is adding to the management team with the appointment of non-executive chairman Jon Walden, previously CEO of Lex Vehicle Leasing and a main board director of the RAC.
This investment continues Sovereign’s activity outsourced business services sector. Other portfolio companies include compliance consulting services company Cordium and Alcumus, a provider of compliance and certification services.
Neil Cox, director, Sovereign Capital said, “Kindertons is an excellent business that provides a high-quality valued service to its clients, helping them carry on their busy daily lives without the hassle and disruption of having to deal with the consequences of a car accident that typically wasn’t their fault. We look forward to working with Shaun and his management team to continue Kindertons’ strong organic growth supplemented by strategic acquisitions benefitting from Sovereign’s extensive buy & build expertise, experience and resources.”
Debt to support the transaction was provided by Chenavari Investment Managers.
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