C&S Tyres (UK) Limited, a leading tyre services provider, has been acquired by Tyrefix, a renowned plant and earthmover tyre repair and replacement company based in Leicestershire. The strategic acquisition will enable C&S Tyres to expand its operations across the UK by leveraging the scale and resources of Tyrefix. This marks Tyrefix’s second acquisition since their initial investment in 2020, backed by Literacy Capital.
Established in 1998, C&S Tyres has been offering specialized tyre services throughout the UK. The company’s expertise includes supplying Tyre-filled and Press on Solid tyres to the waste sector. By joining forces with Tyrefix, C&S Tyres will have greater opportunities for growth and enhanced synergies within the industry.
RSM UK, a leading advisory firm, advised C&S Tyres throughout the sale process. The RSM deal team, led by corporate finance director Rikesh Patel, provided invaluable support. Legal advice was provided by David Filmer at Forbes.
Expressing his enthusiasm, Rikesh Patel commented on the acquisition saying, It was great to support the team on its next chapter of growth – bringing together two leading tyre specialists to deliver key synergies and accelerate expansion across the UK for the growing Tyrefix Group.
Chris Williams, founder and Managing Director of C&S Tyres, will remain with Tyrefix to ensure a smooth transition. Williams expressed his confidence in the collaboration, stating, I look forward to working with the Tyrefix team, whom I believe are the best fit to take C&S Tyres on the next stage of its journey. I’ve worked with Tyrefix for many years, and believe that together, the two businesses will be a successful partnership.
Oliver Johnson, CEO of Tyrefix, expressed his delight at welcoming C&S Tyres into the Tyrefix family. Johnson highlighted the alignment between the companies’ heavy off-highway sectors and the strategic direction of Tyrefix. He also praised the accomplishments of Chris Williams, emphasizing his extensive knowledge and commitment to customers in these specialized sectors. As Tyrefix, the company aims to expand this offering across the UK through their existing scale and presence.
This acquisition not only consolidates Tyrefix’s standing as a leading provider of plant and earthmover tyre services but also enhances its capabilities in the highly competitive UK market. With the combined expertise and resources of Tyrefix and C&S Tyres, customers can expect improved services and industry-specific knowledge.
The strategic move is expected to boost Tyrefix’s market share, enhance customer satisfaction, and drive further growth in the ever-evolving tyre industry. With a focus on expansion and leveraging the synergies between the two businesses, Tyrefix is well-positioned to achieve its strategic goals.
As Tyrefix begins this new chapter with C&S Tyres, industry stakeholders are eagerly watching the developments and the impact this partnership will have on the sector.
