Sovereign partnered with the Kindertons management team to more than double the size of the company, creating the UK's leading specialist provider of automotive accident management and mobility solutions to the motor industry.
Kindertons was founded in 1993 and by 2012, the business was operating from 11 depots across the UK, with a fleet of more than 2,000 vehicles.
As the business continued to see increased demand for its services, founder Shaun Ellison had ambitious expansion plans. He started to look for an outside investor with a track record of successfully developing and expanding business support services companies. He was also looking for an investment partner to help him with acquisitions in a fragmented market characterised by a large number of small players.
In 2013, Sovereign backed the management team to grow the business both organically and through carefully selected acquisitions.
With Sovereign's support, the business became one of the largest credit hire organisations in the UK, managing the full claims process on behalf of insurers, insurance brokers, motor dealers, garages and bodyshops. This was as well as providing replacement vehicles and managing the recovery, repair and storage of damaged vehicles.
The company was sold in May 2018 to ExamWorks, a market-leading service provider to the insurance, legal and healthcare sectors backed by Leonard Green & Partners.
Sovereign delivered exactly what they said they would at the time of the MBO in 2013. It has been an enjoyable journey since then made easier with the level of support and help Sovereign have provided over that time. I look forward to seeing the business continue to develop over future years.
Shaun Ellison / Founder
The British Insurance Awards 2017 Winner