LWG said it plans to secure between six to eight plots of land over the next 120 days in Colorado, New Mexico and Texas. The dealership expects to break ground in the Q4 of 2022 and the first quarter of 2023, and it will open those locations throughout 2023.
Judd Shader, CEO and founder of LWG, said the group is "committed to expanding our national presence with Midas and the Big O Tires brands, not only through acquisitions, but by establishing more projects and infilling our markets.
It's exciting to launch forward-thinking endeavors to grow our business in smart, strategic ways."
LWG was formed in 2009 and has grown into one of the largest dealerships in the U.S. Over the last 24 months alone, LWG has completed more than 42 different types of acquisitions, a mix between existing business acquisitions, real estate transactions and or conversions.
"Greenfield projects will open doors for us and allow our team to move into another level of investment and cast a wider net in ways to support our portfolio," Shader said. "LWG has a proven model of operational excellence, and we're excited to add greenfield builds to our platform," added Shader.
LWG operates 119 automotive retail locations in 18 states. Ten of those are in Oklahoma, with six Midas locations and four Big O Tires locations. Of the current 10 locations, LWG said four are located in the Tulsa DMA and six in the Oklahoma City DMA.
LWG recently expanded to 22 retail locations in Colorado with the acquisition of a Big O Tires store in the Denver suburb of Broomfield. That acquisition closed on May 9