Springboard Advise on the Strategic Sale of Easy Autocentres to Goodyear
June, 2020 - England
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 purchase 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.
THE CLIENT ON SPRINGBOARD
“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 advice.” - Chris Kisby, Managing Director, Easy Autocentres
ABOUT SPRINGBOARD
We are a market leading independent minded corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services:
• Acquisitions - supporting corporates and management teams – identifying targets and executing deals
• Disposals - Full or partial business sales and exits
• Raising finance - working capital or development capital – typically debt or private equity/venture capital
• Management / Retained advisory - strategic, commercial and financial support
If you would like a confidential meeting with one of our Partners to explore how we can help you develop your business please get in touch.
