CINCINNATI — Tire Discounters is adding car washes to its portfolio with the acquisition of Cincinnati-based Carriage House Car Wash.
Carriage House Car Wash, founded in 2006, has seven locations in the greater Cincinnati area.
Terms of the deal were not provided.
"This acquisition is a bold step for Tire Discounters. We are committed to delivering innovative customer solutions and know that entering the car wash market is the right next step for us. The synergies between our existing business and Carriage House allows us to ultimately deliver a new level of service for our customers," Tire Discounters President and CEO Jamie Ward said.
The acquisition is considered a natural fit and will strengthen the tire dealership's the ability to deliver customer value beyond the company's core of tires and automotive service, according to Steven Wood, division vice president of Tire Discounters.
"As we continue to grow through strategic partnerships and acquisitions, we look for opportunities that make sense both for our customers and our overall business model," Wood said. "Carriage House pushes Tire Discounters into an exploding automotive segment, while also providing us with end-to-end customer solutions."
He said the company, owned by the Wood family, plans to expand the car wash business quickly, growing to 20 car wash outlets across the Cincinnati area in the next two years. The company also will be evaluating additional markets beyond Cincinnati and the possibility of co-locating Carriage House car washes at Tire Discounters locations.
According to Justin Stone, Carriage House co-founder, the partnership is a key step in positioning the brand for significant growth into the future.
"Tire Discounters brings a tremendous arsenal of resources to the table, which will allow for the Carriage House brand to be cared for and strengthened in the coming years. The team at Tire Discounters has bold plans to take this business to new heights and we are excited to see it all come to fruition," he said.
Dave Fissel, Carriage House co-founder added, "Carriage House has always been poised to grow with the combination of our best-in-class technology and obsessive focus on customer experience. We are thrilled to be partnering with the Tire Discounters family, which will enable us to take the business to the next level."
Carriage House currently operates two concepts under two different brands: Carriage House Neighborhood Wash with high-volume automated tunnels of 130 feet or longer that are staffed daily and offer free amenities; and Carriage House Express Wash, an automated stand-alone, compact facility of about 50-65 feet.
Tire Discounters was founded by Chip Wood in 1976 in Cincinnati and operates more than 170 locations across Ohio, Kentucky, Indiana, Tennessee, Georgia, Alabama, Virginia and North Carolina. The company also operates an automotive glass repair business.