The Corporate team at Coffin Mew has helped Tructyre Fleet Management, one of the South’s largest companies of its type, nearly double its size following the strategic acquisition of one of its competitors, the PK Commercial group of Companies.
Tructyre Fleet Management, based just off the M3 near Winnall in Winchester, manages and maintains tyres on large commercial fleets of trucks and vehicles for customers such as large supermarkets, hauliers and other transport companies with household names; principally covering the south coast up to the M4 and London and Weymouth to Portsmouth.
It has acquired the PK Commercial group of Companies which carry on similar activities in Kent, Sussex and Surrey, providing Tructyre with the capacity to service all their customers’ requirements along the length of the south coast. This includes the main arterial routes from the leading south coast ports into London and the M25 as well as Heathrow and Gatwick airports. The combined turnover of the group will be in excess of £25 million and the acquisition will also open up the opportunity for Tructyre to get involved in both the retail and commercial markets.
We were delighted to be part of the deal which has given Tructyre a considerable share of this market – placing the company in a unique position that enhances their products and services to its all-important customer base whilst allowing them to grow their offering now and into the future.
Glenn Sherwood said:
We were delighted that Amanda and the team were able to work with us in securing this very important deal. Amanda was instrumental in the buyout of Tructyre in 2006 when it went alone after Tony Todd, MD of Micheldever Tyres, sold to Graphite Group in February 2006, so it seemed fitting to continue our partnership in another business milestone for Tructyre.