Grant Thornton mergers and acquisitions team has clinched another significant deal in the automotive sector with the sale of national tyre fitter and retailer Just Tyres.
Based in Milton Keynes, Just Tyres, which operates over 30 locations across the UK, has been acquired by The Tyre Group.
The Tyre Group is known for brands including Malvern Tyres.
This deal marks the latest in Grant Thornton's portfolio of high-profile automotive transactions, including the £182 million sale of Motor Parts Direct to South Africa's Motus and the £18.8m sale of EV charging solutions provider EB Charging to NASDAQ-listed Blink.
In addition, last month, the firm represented Glyn Hopkin in its sale to an Employee Ownership Trust (EOT).
Mike Tillson, partner and corporate finance automotive lead, said: “Our leading M&A capabilities, combined with deep sector and operational expertise, set us apart and enable us to deliver exceptional, value-added advice to our clients.”
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Author:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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