Easy Autocentres has been acquired by Goodyear UK (“Goodyear”) in an undisclosed transaction.
Easy Autocentres is a leading fast-fit provider of tyres, exhausts, batteries and car servicing, operating from 17 sites across the wider Midlands. As one of the largest independent service providers in the UK the acquisition of the HiQ branded units represents a strategic acquisition for Goodyear.
Chris Kisby, Managing Director and majority shareholder of Easy Autocentres, who has extensive experience within the tyre industry and fast fit sector commented that “Having developed Easy Autocentres through acquisition over the past 12 years I am delighted to have concluded the sale to Goodyear. The Easy Autocentres business with its strong market presence in the Midlands provides Goodyear with an excellent platform to further develop its HiQ brand in the UK and I look forward to seeing the business continue to go from strength to strength under new ownership”.
Easy Autocentres was advised by David Neate, Partner and Tom Hammond, Executive at Springboard Corporate Finance.
David commented: “The fast-fit sector has seen a considerable amount of consolidation over recent years as tyre manufacturers and wholesalers seek to expand and act to protect their routes to market. We expect to see this trend in the marketplace continue over the next few years. Having previously advised Chris on the acquisition of the Easy Autocentres, a subsequent acquisition and refinance, we are delighted to have been able conclude this deal and deliver a successful exit for him.”
Chris Kisby, Managing Director - Easy Autocentres
Springboard has been my chosen partner since acquiring the business in 2008. The team has helped me acquire the initial business, refinance the company, make a strategic acquisition and ultimately sell the business twelve years later. As an owner manager I have valued the partner-led approach, giving quality and pragmatic advise. They were fully committed to deliver the best outcome for me and I would have no hesitation in recommending them.