HALFORDS ACQUIRES UNIVERSAL TYRES FOR £15m

Halfords has announced the acquisition of Universal Tyre and Autocentres, a long established motoring services provider in the South East of the UK, for £15m.

Based in Kent with 20 garages and 89 commercial vans operating in the South East and on the east coast of the UK, Universal Tyre offers the usual range of fast fit services, including MOT tests. However, unlike many of its competitors, the firm offers services for heavy commercial and agricultural vehicles.

Universal Tyres, Dartford branch

2019: HALFORDS ACQUIRES MCCONECHYS FOR £9.3M

Halfords has a stated ambition to reach 550 garages in the UK and has been growing through acquisition, following the purchase of the McConechy’s garage chain and online retailer Tyres on the Drive in 2019.   The new acquisition brings the total to 374 garages and 136 mobile expert vans.

2019: HALFORDS FORM BUYING PARTNERSHIP WITH FRENCH ALLY

Graham Stapleton, Chief Executive Officer, commented: “We continue to see strong demand for our Autocentres, for our expanding fleet of Halfords Mobile Expert vans, and for our growing commercial business. Universal will help us to meet that demand whilst also expanding our geographic footprint in a market for which we see significant potential.”

 

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Why transitioning to EVs is a money maker for garages

One of main keys to profitability is because ICE-only parts are suffering from a higher inflation rate compared to their EV counterparts

Read More

Pothole damage sees alloy repairs jump 58% in two years

The country’s main political parties vow to fill in potholes as part of their 4 July election pledges

Read More

GSF opens 10,000 sq ft Birmingham branch; Crawley, Southgate to follow

Located close to Birmingham city centre, it features a fleet of five vans, two bikes, and two electric Tuk Tuk-style bikes

Read More

Skills gap “a timebomb” for aftermarket, says GSF CEO

Steve Horne said a lack of workers was stifling the market’s potential and increasing costs for motorists

Read More

Legal hand car washes “outnumbered” by illegal sites as £2.5m in fines handed out

Home Office data revealed that 87 hand car washes across the UK were fined some £2.5 million for ‘right to work’ offences in 2023

Read More

Go to comments

Your email address will not be published. Required fields are marked *