Quality Tire acquires TCi assets in Colorado

DENVER — Quality Tire Co. has acquired three TCi Tire Centers commercial service locations and an MRT retread plant in Colorado, expanding the dealership's reach to eight locations and three retread plants in three states.

Salt Lake City-based Quality Tire, a Michelin dealer and Oliver Rubber-affiliated retreader, closed the deal April 1 for TCi locations in Colorado Springs, Henderson and Loveland, Colo., and an MRT plant in Hudson, Colo.

Financial details of the deal were not disclosed, but Quality Tire President Scott Hanson said he expects the acquisition could boost Quality Tire's annual sales more than 50 percent to as much as $60 million.

Quality Tire will add commercial tire sales and servicing at the Hudson location "in the near future," Mr. Hanson said.

A long-time Oliver-affiliated retreader, Quality Tire joined the Michelin Commercial Service Network in 2015, saying at that time the program "fits perfectly within our organization and aligns with our core value of providing our customers with exceptional service and value."

Quality's existing commercial locations are in Salt Lake City, Orem and St. George, Utah, and Belgrade and Billings, Mont., with Oliver retread plants in Salt Lake City and Billings.

The TCi deal brings Quality Tire's employee count to around 145, with 45 service and boom trucks. Retread production should grow this year to around 65,000 units, Mr. Hanson said.

Founded in 1958, family-owned Quality Tire specializes in Michelin and BFGoodrich tires and also carries a range of other brands, including Bridgestone, Continental, Firestone, General, Goodyear, Hankook, Sumitomo, Titan and Uniroyal.

Michelin did not comment on the deal, which brings the TCi network of commercial tire centers down to five remaining centers in California. Michelin has divested 51 centers and eight retread plants in the past year.