Announced
Financials
Tags
Acquisition
Private
Pending
United Kingdom
garage chain
Friendly
Auto Services
Majority
Single Bidder
Synopsis
Halfords Group, a British retailer of car parts, car enhancement, tools, camping and touring equipment and bicycles, agreed to acquire McConechy's Tyre Service, one of the largest independent garage chains in the UK. Financial terms were not disclosed. "We are very excited about today's acquisition and I am delighted to welcome McConechy's to the Halfords family. This acquisition is highly complementary to Halfords' service-led strategy, and the addition of McConechy's further strengthens our growing and unique motoring services offer, which includes Autocentres, Halfords Mobile Expert and our weFit services in our stores," Graham Stapleton, Halfords Chief Executive.
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