Nationwide Autocentres

Mechanical repair, servicing and MOT tests

halfordsautocentres.com
Date Invested
February 2006
Status
Realised

Nationwide Autocentres, now known as Halfords Autocentres, is a car servicing and mechanical repair business that also provided MOT tests.

Work typically focused on brakes, tyres, exhausts, and other mechanical aspects of vehicles.

Our partnership

Phoenix worked closely with a new management team comprising Duncan Wilkes, Billy Duffy and Andy Stevens to grow Nationwide Autocentres. During the investment period, Phoenix and Nationwide Autocentres prioritised rolling-out new autocentres and growing the corporate fleet division, as well as launching new products and services and ensuring higher productivity and increased average spend.

The company grew significantly, strengthening its position within a fragmented market. All aspects of the growth plan were achieved with revenues increasing by over 30% and profitability by 75%. In April 2010, Nationwide Autocentres was bought by Halfords PLC for £74 million.

"Phoenix was extremely supportive of all our expansion initiatives and after 4 years helped deliver a hugely successful sale of Nationwide for the benefit of all shareholders.”

Duncan Wilkes, CEO of Nationwide Autocentres