SAN ANTONIO, Texas — Big O Tires franchisee Chris Monteverde has acquired eight former NTB Tire & Service Center stores in Texas from TBC Corp. and is converting them to Big O signage.
Mr. Monteverde, a Big O Tires franchisee since 2004, also owns and operates 19 Big O Tires locations in California. The deal covers six NTB stores in the San Antonio metro area and two in the Corpus Christi market, TBC said.
Financial terms of the deal were not disclosed. TBC continues to operate 100 NTB stores in Texas, primarily in the Dallas and Houston metro markets.
"The opportunity to expand our portfolio within the Big O brand and have a chance to do business in the great state of Texas was one that we didn't think twice about," Mr. Monteverde said. "We're excited about the future and eager to continue exceeding customer expectations in California as we make a name for ourselves in Texas."
Mr. Monteverde was honored twice last year by Big O Tires franchisor TBC and the International Franchise Association (IFA) as a Big O Tires franchisee of the year.
John Kairys, vice president and general manager, Big O Tires, called Mr. Monteverde an "exceptional operator" and said TBC is "fortunate" to have him and his team representing the Big O brand.
"We are excited about the expansion and the opportunity to serve the customers in the San Antonio and Corpus Christi markets while living up to our ultimate goal to be the team you trust," he said.