Car servicing and repairs company Kwik Fit is on the lookout for M&A opportunities and commercial sites ripe for adaptive reuse as part of its UK growth strategy.
Rapleys is leading the charge on the search having already transacted on a number of deals for Kwik Fit over the last year with new sites delivered at Abingdon and Beaconsfield, amongst others.
Paul Dempsey, group property director and company secretary at Kwik Fit, said: “There has been a lot of consolidation activity in the automotive sector over the last 12 months and Kwik Fit wants to remain at the forefront of this. By acquiring other businesses and expanding our site requirements to include opportunities for adaptive reuse we are broadening our ability to take quick decisions and step up our growth plans.
“We have an in-house design team who are able to assess at pace a site’s potential for the Kwik Fit brand. They are not only viewing locations from an operational standpoint, but also how a site would support Kwik Fit’s commitment to innovation and sustainability. Having long worked with Rapleys in the UK, we are confident that together we will meet our ambitions and continue to pioneer this exciting sector.”
Dan Cook, head of commercial at Rapleys, added: “In our 75th anniversary year, we are delighted to be doing more with Kwik Fit, one of our longest standing, but yet most innovative, clients. Being able to adapt to the market and add new opportunities to the growing Kwik Fit shopping list of requirements will undoubtedly help accelerate ambitions and we look forward to delivering these across the UK.”
