Online car repair platform FixMyCar has completed a successful management buyout, engineered to give the company a better focus on its future.
The platform, which was launched 14 years ago, was acquired by Niterra EMEA in May 2023. However, following a strategic review of its portfolio, Niterra determined that a management buyout represents an appropriate long-term ownership structure for FixMyCar. This will enable the company to continue its development independently and to further scale within its specific market environment.
The management buyout team consists of Amanda Webb, who will stay in position as Chief Executive Officer (CEO), Ben Darby who will move from Marketing Director to Chief Operating Officer (COO) and Matt Wrankmore, who will now step into a Chief Customer Officer (CCO) role from Head of Garage Network.
Experience at the heart of FixMyCar team
The new C-suite will benefit from Webb’s senior leadership experience across start-up, scale-ups and VC backed businesses, which covers more than 20 years. In addition, Darby brings more than 15 years of leadership experience across automotive marketplaces, including Auto Trader. Wrankmore provides FixMyCar with more than 20 years of knowledge, specialising in the development and growth of garage and retail workstreams.
“This management buyout presents a fantastic opportunity for FixMyCar and its employees, at a time of great change within the UK aftermarket,” commented Webb.
“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, as we see wider adoption of drivers using online car repair bookings and strengthening our partnerships with UK garages and SMR partners.”
Damien Germès, President & CEO Niterra EMEA GmbH, commented: “Following a strategic review of our activities in the EMEA region and in alignment with our updated Group portfolio strategy, we concluded that an independent ownership structure provides a suitable framework for FixMyCar’s continued development.
“We thank the management team for their commitment and wish them success in the next phase of the company’s evolution.”
