Fri, 16 Apr 2010 | BUSINESS SALE
Tyre giant Micheldever Tyre Services (MTS) has put itself on the market for £200m.
The Hampshire-based company comprises the tyre retail chain and a large wholesale distribution business. Its parent company Graphite Capital bought the business in 2006 for £85m from the founder Tony Todd in a management buyout deal.
Mr Todd first ran the business from a shed in 1972, and spent the next 34 years building it up. When Graphite took over it had a workforce of 550 and revenues of £148m. The business now has a turnover of over £275m and 900 staff.
Chief executive Paul Fox, who led the management buyout in 2006, said: "Performance is very strong for 2010, as the last few years have been".
The business is the biggest independent wholesaler and distributor of tyres, and its base in Micheldever is perhaps the busiest tyre retail outlet in Europe.
MTS has done well from the recession, as car owners have been more likely to service their vehicles then purchase new models.
Private equity firms and trade rivals are considered likely to become potential buyers. It is expected that a deal will take place in the summer.
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
Their versatile offerings include custom rafted joinery products such as elegant doorsets, stylish TV and media units, functional desks, ingenious shelving and storage solutions, luxurious bed surrounds, stunning timber staircases, sophisticated engi...
As a specialist in Italian Motorcycle Parts and Accessories supplies, the business has developed expertise in sourcing and offering a comprehensive range of high-quality products.
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.