RSM UK has advised C&S Tyres (UK) Limited on its sale to the UK’s largest nationwide plant and earthmover tyre repair and replacement provider, Tyrefix – strategically aligning two leading brands to support UK expansion.
Founded in 1998, Manchester-based C&S Tyres has provided a broad range of specialist tyre services across the UK, including the supply of Tyre filled and Press on Solid tyres into the waste sector.
As part of the Tyrefix group, C&S tyres will be well-positioned to expand its reach across the UK using the scale of the Tyrefix business, whilst retaining the customer-centric values it has today. Tyrefix is backed by Literacy Capital, and this marks their second acquisition since their initial investment in 2020.
The RSM deal team was led by corporate finance director Rikesh Patel, with support from John Daly, Austin Halewood and Hallam Wilson. David Filmer at Forbes provided legal advice.
Rikesh Patel, corporate finance director at RSM, said:
‘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, who will remain with the Tyrefix Group to ensure a smooth and successful transition, said:
‘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, Chief Executive Officer of Tyrefix, added:
‘We are extremely pleased to welcome C&S Tyres to the growing Tyrefix family. The expertise in the heavy off-highway sectors is fully aligned to the strategic direction of the business. Chris has done a fantastic job growing the C&S business, offering genuine value to all the customers he services, with unparalleled knowledge of tyres in these sectors. As Tyrefix, we will look to grow this offering across the UK through the scale and presence we have today.’