ROCHESTER, N.Y. (Feb. 1, 2017) — Monro Muffler Brake Inc. is buying 16 Car-X Tire & Auto stores in Illinois and Iowa from the stores' franchisee, NONA Inc., and plans to keep operating them under the Car-X brand.
The stores generate about $15 million in annualized sales, Monro said, with a 75/25 service/tires mix.
The acquisition is expected to close in March 2017. Financial terms were not disclosed.
Monro disclosed the deal in its third quarter earnings results.
Monro operates just six stores in Illinois and none in Iowa, prior to this deal.