Fix Auto UK announced it has invested directly in one of its own franchisees. In what it says may be the first of many similar investments, the organisation has acquired a majority share of Fix Auto Goole and in doing so the UK operation has taken ownership of its own collision repair centre.
The six-figure capital sum will be invested directly back into the business which will continue to be managed by founders, husband and wife duo Andy and Lisa Kirk. The move accelerates their ambitious business plans to further grow and develop the established centre.
“Fundamentally, Fix Auto UK helps and guides our franchisees. By taking a majority share in Fix Auto Goole we are taking our whole offering to new level never experienced before by the network,” said Fix Auto UK’s Ian Pugh. “Andy and Lisa have a great desire to succeed and are passionate about taking their business further, but they needed capital. After many discussions we realised there was a great opportunity staring straight back at us and it became obvious to invest ourselves.
Pugh added, “We have long wanted our own repair centre where we can work closely with suppliers to develop a training and development academy, a venue where we can use as a test bed for new innovations, processes and working practices. Taking over a majority share of Fix Auto Goole will enable us to do just that.”
This article courtesy of Russell Thrall III, publisher CollisionWeek. Check out their website at: www.collisionweek.com