K&M acquires N.Y. distributor Midtown Tire

DELPHOS, Ohio — 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. Financial terms of the agreement were not disclosed.

Cheryl Gossard, president of K&M Tire, said family-owned K&M has had interest in expanding its distribution footprint within the New York market.

"We feel that the team at Midtown Tire fits our company culture and values and will be a wonderful addition to our team. We look forward to welcoming Midtown Tire employees to the K&M Tire team and servicing the customers in this area, while making them the most important people in our business."

This marks the second acquisition in the wholesale market in the last week.

American Tire Distributors Inc. (ATD) is acquiring the the wholesale tire distribution arm of Monro Inc., which operates as Tires Now, boosting the portfolio and reach of ATD, North America's largest tire distributor.

On May 19, American Tire Distributors Inc., North America's largest tire distributor, announced it was acquiring Tires Now, the distribution arm of Monro Inc.

ATD will pay $105 million under terms of the deal.

K&M, meanwhile, operates 32 distribution centers located throughout the Great Plains, Midwest, Mid-Atlantic and New England.

K&M Tire last made an acquisition in August 2020 when it acquired Safemark, a division of the Pennsylvania Farm Bureau, located in Middletown, Pa., expanding its distribution footprint in eastern Pennsylvania.

The company employs more than 800 and distributes more than 50 tire brands, including passenger, light truck, commercial truck, farm and other tire segments. K&M, which celebrated its also supplies tire equipment and accessories to its network of tire dealer customers across the U.S.