KBS Corporate Oversees Sale of Fix n Fit Tyres Limited
Fix n Fit Tyres Limited is a highly regarded supplier of heavy plant tyres, as well as offering a selection of tyre management services to clients throughout the North West.
Fix n Fit Tyres Limited is a highly regarded supplier of heavy plant tyres, as well as offering a selection of tyre management services to clients throughout the North West. The company has experienced considerable growth since its foundation in 2009, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its sector and maintain a strong, long-standing client base.
Having built up the business over several years, Stephen Hart and Kelly Hart, the shareholders of Fix n Fit Tyres Limited approached KBS Corporate with the sale of their business in order to help them realise their retirement plans.
During initial discussions, it became apparent that staff retention was of utmost importance to the shareholders. This shaped KBS Corporate’s research strategy towards a buyer who could provide further growth whilst maintaining the current staff.
The opportunity attracted interest predominately from UK trade buyers. Literacy Capital Plc produced the successful offer. The synergistic acquisition will enable Literacy to expand using a national network whilst increasing Fix n Fit’s profitability. Post-completion all staff will be retained which will enable the company to cut lead times and provide a greater geographical presence.
Luke Rae Corporate Deal Executive at KBS Corporate advised Fix n Fit Tyres Limited throughout the process.