August 04, 2022
They are two letters that have shaken up the tire and automotive service market: M&A.
When Goodyear announced it was entering into an agreement to purchase Cooper last February, mergers and acquisitions activity was off and running. By the time the year ended, a stunning number of acquisitions were consummated –- particularly in the last five weeks of 2021.
Some of the biggest dealerships groups, many owned by equity firms, went on a major acquisition tear. It was an offer that many small and medium-sized independents couldn’t refuse.
What was the largest? What was the most surprising? What does it mean for the industry going forward? Join Tire Business Managing Editor David Manley and Special Projects Reporter Bruce Davis, and Managing Director with Stout Investment Banking group's Steve Rathbone as they dissect and analyze the merger activity.