Bridgestone/Firestone (BFS) is buying certain assets of David Early Tire Co. and will convert the chain's 18 retail stores in Utah to Firestone Tire & Service Centers by this fall.
With the deal, carried out by Bloomingdale-based BFS Retail & Commercial Operations L.L.C., BFS said it will have 24 Firestone Tire stores in northern Utah. Financial terms of the deal were not disclosed. The tire maker will lease the properties from Early Holdings L.L.C., a business owned by Early Tire principal David Early Sr.
The dealership was started in 1973 by Mr. Early with a single store in Salt Lake City. Over the next three decades, the company grew to 18 stores throughout northern Utah, with the last store opening in 2002.
Mr. Early briefly considered retirement in the mid-1990s, but instead teamed up with BFS in 1996 to create a ``successful partnership,'' the tire maker said.
Mr. Early, 74, is leaving the tire business to work with his son, David Early Jr., on their family-owned and -operated real estate development business, BFS said.
BFS Retail & Commercial operates more than 2,200 consumer and commercial tire and vehicle service locations across the U.S. and Canada.