WILKES-BARRE, Pa.McCarthy Tire Service is buying the OTR tire service assets of Ragan Tire Group L.L.C., the Concord, N.C.-based OTR tire and retreading specialist serving construction, quarrying and mining customers in North and South Carolina and Georgia.
The deal, expected to close by mid-July, does not include RDH Tire & Retread Co., the Concord, N.C.-based OTR tire retreading and repair business that will continue to operate independently, nor RDH's share of B.R. Retreading Inc. of Glasgow, Ky.
Ragan Tire Group is one of the premier off-the-road service companies in the Southeast, said McCarthy Tire Service President John McCarthy Jr.
When we combine our companies, McCarthy Tire Service will be one of the largest OTR service providers on the East Coast. We are very excited about this opportunity to provide unparalleled service to OTR customers.
Financial terms of the pending deal are not being disclosed at this time.
Ragan Tire Group's assets include three locations in South Carolina and one in Georgia, according to McCarthy Tire, which has offered all of Ragan Tire's service and operational employees the opportunity to join the McCarthy Tire team.
Ty Smith, vice president, sales and operations for Ragan Tire, will oversee the combined OTR operations in the Southeast, McCarthy Tire said.
We are excited Ragan Tire Group is joining McCarthy Tire Service, Mr. Smith said. Both of our companies' core value is to service our customers to the best of our ability. We now can do this from New York state to Georgia.
RDH co-owners Bradley and Scott Ragan said the decision to sell the Ragan Tire OTR tire servicing assets was based on their desire to refocus on their core business of retreading and repairing OTR tires. The Ragans co-own B.R. Retreading with the Huskins family.
Bradley Ragan noted that McCarthy Tire has been and will continue to be a valued customer for both RDH and B.R. Retreading.
McCarthy Tire Service is a noted provider of OTR tires and service in its own right, with an OTR retread plant in Somerset, Pa., the former Walters Tire Service, which McCarthy bought in 2012.
Ragan Tire Group's operations in North Carolina will be merged into four of McCarthy Tire's eight locations in the state.
The acquisition will add three new locations in South Carolina and one new location in Georgia to McCarthy Tire's footprint, expanding it to a total of 49 service facilities in nine states.
Ragan expanded its OTR tire business and field-servicing capabilities in 2013 with the acquisitions of Snider Fleet Solutions' OTR business in the Carolinas and Georgia and of Miller Bros. Giant Tire Inc. with service locations in the Carolinas, Florida and Georgia.
In addition to the 45 commercial centers in Delaware, New Jersey, New York, Maryland, North Carolina, Pennsylvania and Virginia, McCarthy has seven Bandag retread plants and 21 predominantly retail outlets.
Once completed, this will be McCarthy Tire's third acquisition in 2015. The others are Hartman Fleet Services Inc., a Manassas, Va.-based provider of heavy mechanical services, fleet maintenance and repair, and mobile mechanical services to customers in Northern Virginia, Maryland and Washington, D.C., and Commercial Truck Tire Center Inc. in Syracuse, N.Y., a single-location commercial tire business.
McCarthy Tire has relocated Hartman Fleetincluding Mike Hartman, president and owner of Hartman Fleet Services, and the firm's eight employeesto its existing location in Manassas under the direction of that branch's manager, Stan Strickland.
The acquisition included several trucks, including two mobile heavy vehicle service units, which will allow McCarthy Tire to offer on-site mechanical services for the first time from that location.
McCarthy Tire offers similar services at some of its other locations.
Hartman Fleet Services has a well-earned reputation of excellent customer service, said Mr. McCarthy.
This acquisition fits in perfectly with our strategic plan, and it reflects our emphasis on providing a comprehensive plan to address all the vehicle needs of our commercial customers.
Hartman Fleet Services said its technicians are ASE certified.
The acquisition of Commercial Truck Tire Center fills a gap in McCarthy Tire's coverage along I-90, giving the Wilkes-Barre-based dealership a location between Rochester and Albany, a stretch of nearly 130 miles.
McCarthy Tire struck the deal with the Cairns family, who have owned and operated the business for 25 years. McCarthy Tire already has converted the outlet to its own signage and is in the process of phasing in its primary brandsBridgestone, Firestone and Bandag retreads.
President and owner Stephen Cairns is retiring, McCarthy Tire said, and no other Cairns family members will continue with the operation under McCarthy's ownership.
The East Syracuse business includes a Bandag retread plant, but owing to McCarthy Tire's capacity at three existing New York retread shops it will be closed.
Ten Commercial Truck Tire Center employees have been offered positions with McCarthy Tire Service. Edward Gegenheimer is the location manager.