Mr Tyre Ltd, Birmingham, West Midlands, England, distributor of motor vehicle tyres, exhaust systems and ancillary products and services, acquired NSTB Group Ltd, Stoke-on-Trent, Staffordshire, England, supplier of tyres, exhausts, batteries, car servicing, MOT tests, brakes, steering, suspension, headlamp and brake light bulbs and windscreen wipers.
Smith Cooper advised Birmingham-based automotive wholesale and retail specialist Mr Tyre in its acquisition of one of Staffordshire’s largest independent tyre dealers. This deal was part of its strategy to expand its presence across the Midlands. Smith Cooper provided diligence on the target group and other related services.
The target, NSTB Group, was established in 1972 and held three operational branches in Newcastle-under-Lyme, Tunstall and Longton branded as North Staffs Tyre and Battery Autocentres. In addition to tyres, the business offered a range of vehicle repair and maintenance services.
Smith Cooper client, Mr Tyre, was formed in 1971 and has since expanded steadily. It is based at a 100,000 sq ft head office and distribution warehouse in Hockley, West Midlands operating 33 fitting centres across the central England region.
Smith Cooper Team