Press Release

Springboard Corporate Finance is pleased to announce that it has assisted Easy Autocentres with the refinancing its business and the acquisition of Kingshurst Automotive. Easy Autocentres is led by Managing Director Chris Kisby with a network of 19 units operating under the HiQ franchise across the Midlands region.

The acquisition of Birmingham based Kingshurst was completed for an undisclosed sum in a deal led by Springboard Corporate Finance. The transaction was completed with funding from Yorkshire Bank.

Commenting on the deal, Chris Kisby said, “Kingshurst has a strong reputation in its local market for providing exceptional customer service and is a great fit with our business. Strategically the acquisition provides an excellent addition to our existing network and with further acquisitions in the pipeline I look forward to the next exciting phase of development for Easy.”

Easy was advised on the transaction by Springboard Corporate Finance, with a team led by Partner David Neate and Assistant Director James Bailey, with legal advice provided by Gareth O’Hara and Tim Edwards of The Wilkes Partnership.

Commenting on the deal, David Neate said “Easy Autocentres has been a longstanding client of Springboard. Since completing the management buy-out in 2008 from Goodyear Dunlop, Chris has successfully repositioned the business and rationalised the number of stores to a profitable core. The acquisition of Kingshurst marks the first stage in growing Easy’s footprint and consolidating its position as one of the leading independent fast fit tyre, exhaust and car servicing operators. We are delighted to have supported Chris on the acquisition and refinancing.”