Les Schwab acquires Four States Tires in Colo., N.M

BEND, Ore. — Les Schwab Tire Center is ending the year with another acquisition, completing the purchase of Four States Tire and Service.

Four States Tire operates four locations, including three in Colorado (Cortez, Durango and Pagosa Springs) and one in New Mexico (Farmington). This marks the first Les Schwab location in the state of New Mexico.

Financial details were not disclosed. According to Tire Business data, Les Schwab ranks seventh in the U.S. in retail dealerships, with at least 550 locations in 14 states, mostly clustered in the West. The dealership employs more than 8,500.

The deal was brokered by FOCUS Investment Banking, a middle market investment banking firm that provides merger, acquisition, divestiture and corporate finance services.

According to its website, Four States Tire is independent Goodyear and Cooper Tire dealer, offering tires and related products as well as automotive service completed by ASE certified technicians.

Les Schwab called the transaction "an exciting milestone for both companies."

Giorgio Andonian, managing director at FOCUS, called it a privilege to work with Four States, which he said has "a long history of providing exceptional service to its customers"

"This acquisition underscores Les Schwab's commitment to expanding its footprint while maintaining the high standards that both organizations are known for," Andonian said. "We are proud to have facilitated this partnership, which creates value for all stakeholders involved."

All employees of Four States Tire will be give the opportunity to join Les Schwab.

Robby Wright of Four States Tire and Service said the company is "thrilled to join the Les Schwab family. Their reputation for quality, integrity, and a customer-first approach aligns perfectly with our own values. We're excited to see our legacy continue to grow under their stewardship."

Andonian called the acquisition "a testament to the shared values and vision of Les Schwab and Four States Tire and Service. Both companies prioritize customer satisfaction, community involvement and employee opportunity, which will ensure a seamless integration and continued success."

In August of this year, news agency Reuters reported that Meritage Group L.P., a California- and New York-based investment group, was considering selling its stake in Les Schwab Tire Centers, which it acquired in late 2020 for a reported $3 billion.

Sources told Reuters that the retail chain could be valued at more than $7 billion, including debt.

Les Schwab acquired CMC Tire, a predominantly commercial tire dealership headquartered in St. George, Utah, in June 2024. That dealership, founded in 2014 by Michael Morast and Tommy Servine, continues to operate as an independent business using the CMC Tire brand, under Les Schwab Tires ownership.

In early December, CMC Tire bought Grubs Tire & Service, a commercial tire dealer in Las Vegas, expanding Les Schwab's commercial business.

Les Schwab Tires opened a second retail store in Bozeman, Mont., in July after acquiring Tire World in Bozeman’s Four Corners area. Les Schwab now has 23 stores in Montana. 

The dealership also opened a store in Lehi, Utah, in September after acquiring My Tire Guys, bringing to 31 the number of locations in Utah.

In 2024, Les Schwab grew organically in the Upper Midwest, adding 13 stores in the Dakotas and Minnesota and opening more than a dozen locations in existing Les Schwab markets.

 “This has been a year of truly exciting growth for us, and we’re looking forward to more expansion to come,” Les Schwab  CEO Mike Broberg said. “Our strength as a company enables us to bring convenience, America’s best tire warranty, and the world-class customer service Les Schwab Tires is known for to more and more communities while creating opportunities for our employees. Those priorities are central to who we are.”