Graphite Capital backs largest Micheldever acquisition to date
Graphite Capital’s portfolio company, Micheldever Tyre Services, has completed its largest acquisition to date when it bought Tyreland, a substantial multi-outlet tyre retailer based in the South of England. This further increases Micheldever’s geographical coverage and takes the total number of tyre service centres to 61.
Graphite backed the management buy-in/buy-out of Micheldever from founder Tony Todd in February 2006. The business has since grown its turnover by over 65%. It now supplies around six million tyres each year to more than 5,000 tyre centres through a national network of wholesale distribution sites.