FixMyCar has completed a management buyout from parent company Niterra for an undisclosed sum, returning the online repair platform to independent ownership.
The business, which operates as WhoCanFixMyCar.com, was founded 14 years ago and acquired by Niterra, formerly NGK Spark Plug, in May 2023.
Following a strategic review of its portfolio, Niterra said a management buyout represented an “appropriate long-term ownership structure” for FixMyCar, enabling it to continue developing independently and scale within its market.
The buyout team comprises Amanda Webb, who remains chief executive, Ben Darby, who moves from marketing director to chief operating officer, and Matt Wrankmore, who steps up from head of garage network to chief customer officer.
Webb said: “This management buyout presents a fantastic opportunity for FixMyCar and its employees, at a time of great change within the UK aftermarket.
“FixMyCar has sat at the heart of the UK aftermarket ecosystem for over a decade, and we are excited to lead the company into the next phase of its growth story.”
Damien Germès, president and chief executive at Niterra EMEA, said that following a strategic review of its activities in the region and in line with its updated group portfolio strategy, “we concluded that an independent ownership structure provides a suitable framework for FixMyCar’s continued development”.
He added: “We thank the management team for their commitment and wish them success in the next phase of the company’s evolution.”