RICHMOND HEIGHTS, Mo. (Jan. 4, 2016) — Telle Tire & Auto Service is buying the St. Louis-area store of Meyer's Automotive, an independent car care facility in business since 1973, and is making plans for continued expansion in the coming years
The south St. Louis facility will become Telle Tire's fifth retail store. The dealership plans to make two to three acquisitions per year for the next five years, according to Aaron Telle, president and CEO of the Richmond Height-based retail dealership, while also evaluating potential greenfield sites.
Financial terms of deal were not disclosed.
The Richmond Heights-based dealership has a non-disclosure acquisition agreement in place with another business at this time, Mr. Telle added.