Graphite Capital’s portfolio company, Micheldever Tyre Services, has completed its largest acquisition to date buying Harris Brothers Tyres, a substantial multi-outlet tyre retailer based in Wales. This further increases Micheldever’s geographical coverage and takes the number of sites acquired since the original transaction to 37.
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.