Halfords’ recent acquisition of Universal Tyres follows the acquisition of McConnechy’s Tyre Service Ltd for £8.5 million and Tyres on the Drive for £746,000 back in November 2019. The combination of the McConnechy’s and Universal purchases means Halfords now owns two of the three founding firms of ULM Services Ltd, a fleet servicing business that Universal establishing in partnership with McConnechy’s and Lodge tyres back in 2017. At the same time, Universal runs its own tyre wholesale business. So, what does the latest acquisition mean for the Universal Tyre Wholesale operation? And how was McConnechy’s commercial business folded into Halfords? For that matter, how will the businesses be integrated in general? And what does this all mean for ULM?
Halfords has extended its reach into the UK tyre retail space with the acquisition of Universal Tyre and Autocentres for £15 million. Kent-based Universal has 20 garages and 89 commercial vans operating in the South East and on the east coast of the UK. Universal also operates 1 warehouse/head office and from 5 other sites. The company specialises in the supply and fit of tyres for a wide range of vehicles, from cars to commercial and agricultural vehicles. Universal branches also offer general car maintenance and repairs such as brakes, servicing and MOT.
Halfords Group plc bought McConechy’s Tyre Service Limited, the sixth-largest tyre retail business in the UK, on 7 November 2019 for £8.5 million. This makes the newly-expanded Halfords Autocentres the second largest tyre retailer in the UK.