DENVER — Leeds West Groups (LWG), a leading Big O Tires and Midas International franchisee, is buying Auto Systems Experts (ASE), a Davenport, Iowa-based Midas franchisee with 42 locations.
Financial terms of the deal, still subject to customary closing requirements and regulatory approvals, were not disclosed.
The acquisition will boost Denver-based LWG to 97 locations in 15 states with 850 employees, making it collectively the largest Midas, Big O Tires, and SpeeDee Oil Change & Auto Service automotive group in the nation.
The combined group's sales will be in the $100 million range, according to their respective 2016 revenues. Both companies are ranked among the 25 largest independent tire dealers in the U.S. by Tire Business.