Acquisition
Leeds West Groups has launched a greenfield new build program, and as part of that, has purchased land to build a Big O Tires location in Taos, N.M.
If you are ready to get out of the business, there are a number of factors to think about, including timing, expert said.
In three years, Sun Auto Tire & Service has grow from nine locations in Phoenix to 363 in 18 states.
The mergers and acquisition trend likely will continue because market conditions are right and a growing private-equity industry is searching for sectors, like tire retailers, with promising returns.
K&M Tire Inc. has expanded its reach into New York, acquiring Rochester, N.Y.-based tire distributor Midtown Tire. The acquisition became official on May 23.
Purcell Tire & Rubber Co. has made its second acquisition in the last three months, acquiring Lowe Industrial Tire Service in Grand Prairie, Mo.
Sun Auto Tire & Service has acquired Superior Tire, which has served the northwest part of Arizona since 1979, adding four more stores in the state.
The deal expands McCarthy Tire's market coverage to 75 commercial service locations and 10 retread plants in nine states along the Eastern Seaboard from New York to South Carolina
Mavis Tire Express Services Corp. has extended its reach beyond 1,000 retail stores with its latest acquisition of Action Gator Tire Stores' retail assets, comprising 23 outlets throughout central Florida.
U.S. AutoForce will operate 62 distribution centers servicing 45 states.