"This acquisition will allow us to improve our service coverage area and enhance our relationship with our commercial customers in the New York and northeastern region," McCarthy Tire President John McCarthy Jr. said in a statement.
"With an exceptional heritage of strong customer service and state-of-the-art service centers, the Main Tire acquisition was a natural choice for growing the McCarthy Tire family."
The deal includes Main Tire's Bandag-system retread plant in Dansville, which becomes McCarthy Tire's sixth Bandag truck tire plant.
The acquisition increases McCarthy Tire's operation to 43 locations in seven states, including 19 commercial service centers in five states, stretching from Manassas, Va., to Buffalo. McCarthy also operates 19 retail outlets and a number of stand-alone industrial/OTR servicing outlets.
McCarthy is considered the eighth largest independent commercial dealership in the U.S. with 2011 commercial-related sales of nearly $175 million, as well as the eighth largest independent truck tire retreader. The addition of Main Tire will push the dealership's employment past 900.
McCarthy Tire last expanded in May 2011 when it acquired Duncan Brothers Tire Co. of Winchester, Va. That deal added six retail/commercial tire and service outlets and $15 million in annual sales.
The Shay family started into business in 1936 in the fuel oil distribution through Shay Oil and broadened into repair services via Shay Trucks and to freight transportation through Shay's Service. The family added Main Tire Exchange in 1972.
Main Tire has up to now carried the Bridgestone, Goodyear, Kumho, Double Coin and Hankook brands. McCarthy list Bridgestone, Firestone, Continental, General, Goodyear, Double Coin, Toyo and Yokohama as its commercial tire lines.