Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Grant Thornton UK LLP’s mergers and acquisitions (M&A) team has completed another deal in the automotive industry with the sale of national tyre fitter and retailer Just Tyres.
Milton Keynes-based Just Tyres, which has over 30 sites across the UK, was bought by The Tyre Group which trades under several brands including Malvern Tyres.
The transaction is the latest in a long line of high-profile deals for Grant Thornton in the automotive sector, including the £182m sale of the UK’s largest privately owned car parts distributor, Motor Parts Direct, to South African listed, Motus SA.
The team also advised electric vehicle charging solutions provider, EB Charging on its £18.8m sale to NASDAQ listed Blink Inc.
Additionally, last month, Grant Thornton announced it had acted for one of the UK’s leading independent car dealer groups, Glyn Hopkin, on its sale to an Employee Ownership Trust (EOT).
Grant Thornton’s M&A offering is combined with its global Automotive Advisory group – which advises companies across the entire automotive supply chain around operational excellence and how to navigate the changing global automotive market.
The team publishes leading industry insights via Automotive|Grant Thornton.
Mike Tillson, partner and Corporate Finance Automotive lead, said: “The combination of our leading M&A capabilities and deep sector and operational knowledge is a true differentiator and enables the team to bring leading and value-added advice to clients.
“We have several ongoing deals in the sector and expect M&A activity to increase as the industry evolves and adapts to changing market dynamics and regulations.”
