DENVER (Feb. 16, 2016) — Tire and auto parts wholesaler U.S. AutoForce has acquired the assets of Premier Tire Terminal Inc., a Denver-based family-owned company that has operated in Colorado for 76 years.
Financial terms of the deal, which closed Feb. 12, were not disclosed.
U.S. AutoForce took over operations of Premier Tire Feb. 15, according to an open letter to customers posted on Premier Tire's website.
Appleton, Wis.-based U.S. AutoForce already has two warehouses in Colorado — in Denver and Colorado Springs — with a total of 29 in 11 states.
In the letter to customers, Premier Tire principals Mary Ellen Hornbacher, John Perschbacher and Dwayne Burton said they decided to sell the business's assets “after recent changes by one of our main suppliers….” They did not elaborate.
The trio thanked its customers for their business and said, “…we're confident that U.S. AutoForce will continue to give you great service, and competitive pricing in addition to a broader, inventory selection.”