Latest Deal Takes Hampshire Firm’s Protyre Retail Network To 143
Micheldever Tyre Services Ltd has announced that it has acquired Bathwick Tyres for an undisclosed sum.
The acquisitive Hampshire-headquartered company will add Bathwick’s 31 retail sites to its own retail chain, Protyre.
Bathwick operates across the South and the South West of the UK and will take the Protyre network to 143 centres.
Law firm Irwin Mitchell advised on the deal for Micheldever Tyre Services Limited. The multidisciplinary team of Corporate, Real Estate and Tax lawyers was led by partners Dan Bastide and Philip Gray and associate George De Silvo.
Expert Opinion“This is another significant deal for Micheldever Tyre Services and represents a major boost to the geographical reach of its Protyre network. Bathwick Tyres is an ideal fit for Micheldever and will no doubt support its ambitious plans for further growth and expansion.” Daniel Bastide - Partner
Micheldever Group, the owner of Micheldever Tyre Services Limited and retail brand Protyre, sells over six million tyres nationwide and is owned by Sumitomo Rubber Industries Ltd, a publicly listed company in Japan and the world’s 6th largest manufacturer of tyres. Micheldever Group now employs more than 2,000 staff in the UK and achieved sales of approximately £335m in the year to 31 Mar 2017.
In the last two years, Irwin Mitchell has acted for Micheldever on its acquisition of over 50 sites, representing the biggest period of expansion in Micheldever’s history.