James Cowper Kreston’s Corporate Finance Teams advises Literacy Capital’s Tyrefix on its acquisition of Fix ‘N’ Fit Tyres

The Corporate Finance Team at James Cowper Kreston recently advised Tyrefix (“Tyrefix”) on their acquisition of Fix ‘N’ Fit Tyres Ltd (“Fix ‘N’ Fit”) providing financial and tax due diligence to Tyrefix and its investors Literacy Capital.

Tyrefix is the UK’s largest nationwide off-highway plant and earthmover tyre repair and replacement provider.  Fix ‘N’ Fit, founded in 2013 by Steve and Kelly Hart, is a leading provider of heavy plant tyre repair and replacement services in the North-West.

Tyrefix’ s CEO, Oliver Johnson commented “We are very pleased to welcome Fix ‘N’ Fit to the Tyrefix family. The combination of Fix ‘N’ Fit’s presence in the North-West market with Tyrefix’s national coverage, infrastructure and fleet of over 100 dedicated tyre repair and replacement vehicles will enable us to further improve our service levels to a broader set of customers.”

Jesse Portner, Investment Director at Literacy Capital PLC commented, “Fix ‘N’ Fit represents an excellent first acquisition for Tyrefix, further broadening the business’s customer base and geographical reach, whilst continuing to develop its market position as the leading national provider of heavy plant and earthmover tyre repair and replacement services.”

Our team at James Cowper Kreston was led by Brad McAvoy and Nikul Patel. Nikul Patel commented “Fix ‘N’ Fit is an ideal first acquisition for Tyrefix with a lot of strategic benefit.  We were delighted to work with the teams at Literacy Capital and Tyrefix.”