PHOENIX — Sun Auto Tire & Service Inc. has acquired Martin Tire Co., the El Paso, Texas-based tire and wheel distributor with eight stores in Texas and New Mexico, boosting the Sun Tire network to 237 stores in eight states.
Sun Auto Tire CEO Tony Puckett said this acquisition reflects Sun Auto's belief that "capitalizing on acquisition opportunities in and adjacent to our existing markets strengthens our reputation as the most reliable company in automotive care."
Martin Tire was founded in El Paso by Robert Martin in 1945 and has expanded over the years to eight locations — six in Texas and two in New Mexico. The dealership reported annual sales of over $21 million in fiscal 2018 and 2019, split 60/40 retail/wholesale, according to information the company reported to Tire Business in 2019.
The dealership was run prior to its being sold by Robert and David Martin, third-generation members of the Martin family who plan to continue working with Sun Auto.