Tyres4U – divestment to National Tyre & Wheel
Miles Advisory Partners have advised the shareholders of Tyres4U on the sale of their business assets to an ANZ-based distributor of tyres and wheels, National Tyre & Wheel (ASX:NTD).
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of Tyres4U
Deal Type
Business Divestment/ sale
Year Completed
2020
Contacts for this Transaction
Rohan Manikath
Managing Director
Overview
- Tyres4U is a leading independent tyre distributor with a strong presence across Australia, New Zealand and Papua New Guinea
- The Business holds a strong market position in the agricultural, trucking and industrial sectors. Specifically, it is only one of three providers able to offer national coverage for truck fleets through an extensive network of commercial tyre retailers
- Its core product offering spans passenger, light truck/4WD, earth-moving and off-road applications, among others
- The transaction was structured as an asset sale, with Tyres4U transferring its operating assets and associated liabilities to National Tyre & Wheel
- The transaction delivers National Tyre & Wheel (ASX:NTD) significant scale, cross selling opportunities and an expanded multi-brand offering, consolidating two complementary independent distribution networks into a leading independent tyre distributor across all product segments
Further information on this transaction is available at: Tyres4U / National Tyre & Wheel Press Release
