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February 21, 2023 06:10 PM

Belle Tire acquires Tireman Auto Service in Ohio

Tire Business
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    ALLEN PARK, Mich. — Belle Tire Distributors Inc. has acquired Tireman Auto Service Centers of Toledo, Ohio, expanding its reach into northwest Ohio, where Tireman has 15 locations.

    In business since 1948, Tireman operates three stores in southeast Michigan in addition to the stores in Ohio. The dealership generated over $56 million in sales in fiscal 2021.

    "I can't imagine a better partner to take over now that I have decided to retire," Tireman Auto CEO Randy Jones said. "Belle Tire is a family-owned company like us, they value their people and believe in doing the right thing for customers like we do."

    Randy Jones

    Jones is a co-owner of the dealership together with the Cox family of Maumee, Ohio, who together acquired 100% control of the dealership in 2000, buying out another partner, Andersons Inc.

    "Absorbing Tireman into the Belle Tire family makes perfect sense," Belle TIre President Don Barnes III said.

    "We share similar cultural values, the communities we serve are important and customer service is the bottom line. That would not be possible without the people in the stores and taking care of them like family."

    Belle Tire intends to keep the stores operating under the Tireman name for the forseeable future.

    The acquisition will provide Belle Tire a true foothold in Ohio for the first time. Belle entered the northwest Ohio territory 23 years ago, but opened only three more stores in the region in the interim.

    The companies have two overlaps in their in store networks — in Sylvania, Ohio, and Monroe, Mich.

    The deal expands Belle Tire's network of retail stores to 168 in four states — Indiana, Illinois, Michigan and Ohio — and will help grow Belle Tire's annual revenue well into the $600 million range.

    Founded over 70 years ago in Toledo, Tireman has been predominantly a MAST (Michelin/BFGoodrich/Uniroyal) dealer in recent years.

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