Skip to main content
EVENT TRACKER
Keep track of rescheduled, canceled industry events with our COVID-affected event tracker - Powered by Snap Finance
Close
Sister Publication Links
  • Rubber & Plastics News
  • European Rubber Journal
tb-logo
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • OPINION
    • CORONAVIRUS
    • AUTO INDUSTRY
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • FACTORY FIXES
    • GOVERNMENT & LAW
    • INTERNATIONAL
    • MOTOR SPORTS
    • NEW PRODUCTS
    • RETAIL TIRES
    • SERVICE ZONE
    • SEMA/AAPEX
    • SMALL BUSINESS
    • TIRE MAKERS
    • SPONSORED CONTENT
    • New round of Paycheck Protection Program funding opens
      Vaccine may usher sense of normalcy
      Cover-up: More retailers requiring face masks to curb COVID
      USW alleges COVID-19 violations at Kumho plant
    • GM banking on 'BrightDrop' EV to build commercial van business
      Stengel promoted to president of NAPA parent Genuine Parts Co.
      Former auto exec Tyrone Jordan joins Cooper board of directors
      Bridgestone crafts virtual city to showcase sustainable-mobility initiatives
    • U.K. race series extends contract with Goodyear through 2026
      New round of Paycheck Protection Program funding opens
      H&H broadens precure OTR business with Continuum mold acquisition
      Apollo to raise prices of Vredestein brand, effective March 1
    • Evolving delivery trends good for CV tire sector — Cooper exec
      Conti adding light-duty products to General Tire OTR tire lineup
      GM banking on 'BrightDrop' EV to build commercial van business
      Gary Price to head Love's Truck Care operations
    • New stimulus package fixes PPP loan confusion
      USW opposes Taiwan tire makers' dumping counterproposal
      New round of Paycheck Protection Program funding opens
      Taiwan tire makers propose settlement of import duties case
    • Evolving delivery trends good for CV tire sector — Cooper exec
      U.K. race series extends contract with Goodyear through 2026
      Sentury Tire hires Martin Winter as global OE technical director
      USW opposes Taiwan tire makers' dumping counterproposal
    • U.K. race series extends contract with Goodyear through 2026
      Goodyear Racing staying on track
      General Tire Canada renews sponsorship deal with Raceline Network
      Indy Autonomous Challenge: High-speed, head-to-head, no drivers
    • Hankook doubles size range of Ventus V2 all-season UHP line
      Conti adding light-duty products to General Tire OTR tire lineup
      Goodyear-brand belts back on the market under licensing arangement
      Kumho launches commercial LT, performance tire lines
    • Hankook doubles size range of Ventus V2 all-season UHP line
      New stimulus package fixes PPP loan confusion
      Goodyear-brand belts back on the market under licensing arangement
      WTC hosting webinar Jan. 20 on load-capacity standards
    • AMRA to host 5 educational webinars in Feb., March
      Shocks/struts maker KYB unveils video training series
      Bauer Built completes expansion at Neb. facility
      Marinucci: Basic steps to email efficiency
    • WTC hosting webinar Jan. 20 on load-capacity standards
      Denver's Brian Sump named AAPEX Shop Owner of the Year
      DUB, TIS Wheels founder Myles Kovacs is SEMA Person of the Year
      AAPEX: Using social media to promote your business
    • New stimulus package fixes PPP loan confusion
      Vaccine may usher sense of normalcy
      2020 Review: PPP loans give boost to small businesses
      Latest COVID relief bill includes $325B in small-business support
    • Papadimitriou to leave position with Pirelli after six months on job
      SRNA increasing prices on Dunlop motorcycle tires
      Sentury Tire hires Martin Winter as global OE technical director
      USW opposes Taiwan tire makers' dumping counterproposal
    • Sponsored By Yokohama Tire Company
      7 questions to ask consumers when they need tires for a crossover SUV
      Sponsored By Yokohama Tire Company
      Stocking Tires for Crossover SUVs
  • SHOP FLOOR
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Video: Balancing Tire
      Choosing the right balancing equipment
      Safety tips for wheel balancing
      An introduction to wheel balancing
    • Video: Demounting
      Demounting Equipment
      Making rims ready for a tight seal
      Tire changer types, tips and trends
    • Video: Safety
      Making friends with OSHA
      Ergonomics on the shop floor
      Customers
    • Video: Tire Repair
      Tire repair: Shining a light on visual inspections
      Staying safe when repairing a tire
      Essential tools, materials and equipment for tire repair
    • Video: TMPS Service
      Decoding sensor data for TPMS diagnosis
      Replacement TPMS sensor overview
      The life-saving work of TPMS
    • Video: Training
      Advantages of apprentice program partnerships
      Options and resources for CE tech training
      Internship ideas to attract tech talent
    • Video:Vehicle Lifting
      All types of lifts for all types of work
      Tips and recommendations for lifting safety
      The gravity of proper lift points
    • Video: Wheel Torque
      Using torque sticks to speed service times
      The danger of too much, too little torque
      The importance of torque specifications
  • Multimedia
    • VIDEOS
    • PHOTOS
    • PODCASTS
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Data
    • DATA STORE
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 21, 2019 02:00 AM

Monro to expand into California with Certified Tire acquisition

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    RIVERSIDE, Calif. — Monro Inc. is acquiring Certified Tire & Service Centers Inc., the nation's 27th largest independent tire dealership with 40 stores in California and $45 million in annual sales.

    The acquisition, expected to close in the next three months, expands Monro's footprint to the West Coast and into a new state for the Rochester, N.Y.-based tire and auto service retailer. Financial terms were not disclosed.

    Monro said it will continue to operate all of Certified Tire's stores in the San Francisco, San Diego and Los Angeles metro areas, as well as a distribution center in Riverside.

    "We are thrilled to announce this acquisition, which provides us with a strong platform for further expansion into a dynamic and attractive region," Brett Ponton, Monro president and CEO, said.

    "The diversification of our geographic footprint in California represents a key milestone in the execution of our growth strategy and we look forward to capitalizing on future opportunities in this market. We believe that the continued execution of our Monro. Forward initiatives will position us to more effectively and efficiently integrate this and other acquisitions, creating long-term shareholder value."

    The acquisition will add about $45 million in annualized sales, representing a sales mix of 70 percent service and 30 percent tires, according to Monro.

    Certified Tire President Jeff Darrow said Certified's No. 1 priority has always been "providing superior tire and automotive service to our valued customers.

    Monro Inc. photo

    Ponton

    "The diversification of our geographic footprint in California represents a key milestone in the execution of our growth strategy and we look forward to capitalizing on future opportunities in this market. We believe that the continued execution of our Monro. Forward initiatives will position us to more effectively and efficiently integrate this and other acquisitions, creating long-term shareholder value."

    The acquisition will add about $45 million in annualized sales, representing a sales mix of 70 percent service and 30 percent tires, according to Monro.

    Certified Tire President Jeff Darrow said Certified's No. 1 priority has always been "providing superior tire and automotive service to our valued customers.

    "We are pleased to join the Monro family, which shares these core values and is committed to expansion and growth in our geography. I'm thrilled for what the partnership with Monro means for our exceptional employees and am proud to have selected an acquirer that will sustain the level of service that customers have come to expect from Certified Tire."

    Mr. Darrow founded Certified Tire in 1997 and built it to the 40-store enterprise it is today through acquisitions and greenfield store growth. Among the acquisitions were deals in 2013 to take over 10 Scher Tire Inc. stores in the Los Angeles area and in 2010 the eight-store Rynck Tire & Auto Centers in the San Francisco area in 2010 and

    On a combined basis, Monro acquisitions completed and announced to date in fiscal 2019 represent an expected total of $132 million in annualized sales.

    Recent acquisitions include Rick Johnson Auto & Tire (13 retail locations in Florida, $12 million in annualized sales) and Jeff Pohlman Tire & Auto Service Inc. (five stores in Ohio, $5 million in sales).

    It also has a pending acquisition in Louisiana of an as-yet-unidentified chain with a dozen locations.

    Monro has 1,197 company-operated stores, 98 franchised locations, eight wholesale locations and three retread facilities in 28 states in the Mid Atlantic and New England regions and portions of the Great Lakes, Midwest and Southeast regions.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    tb-logo
    Reader Services
    • Contact Us
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber & Plastics News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • List Rental
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • CORONAVIRUS
      • AUTO INDUSTRY
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • FACTORY FIXES
      • GOVERNMENT & LAW
      • INTERNATIONAL
      • MOTOR SPORTS
      • NEW PRODUCTS
      • RETAIL TIRES
      • SERVICE ZONE
      • SEMA/AAPEX
      • SMALL BUSINESS
      • TIRE MAKERS
      • SPONSORED CONTENT
    • SHOP FLOOR
      • BALANCING
      • DEMOUNTING
      • SAFETY
      • TIRE REPAIR
      • TPMS
      • TRAINING
      • VEHICLE LIFTING
      • WHEEL TORQUE
    • Multimedia
      • VIDEOS
      • PHOTOS
      • PODCASTS
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Data
      • DATA STORE
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
    • ADVERTISE
    • DIGITAL EDITION