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."