Retail

Monro enters Florida with the purchase of 35 Tire Choice outlets

Posted on July 24, 2014
The first Tire Choice stores opened for business in May 2004.
The first Tire Choice stores opened for business in May 2004.

Monro Muffler Brake Inc. has signed a definitive agreement with Hennelly Tire & Auto Inc.to acquire 35 The Tire Choice & Total Car Care stores in Florida, a new state for Monro.

The stores are located in major west coast and east coast Florida markets, which allows Monro to enter the state "with a premier chain and a solid foundation for continued store growth," according to the company.

The transaction is expected to close in mid-August 2014.

Dan and Diane Hennelly, owners of Hennelly Tire, are winners of Modern Tire Dealer's 2013 Tire Dealer of the Year award. Dan is chairman and CEO of the company; Diane is vice chairman and chief financial officer.

"We always wanted to grow the business to 100 stores," says Dan. "Monro's got the infrastructure and strength to do it."

Dan will stay on as a consultant for at least the next three years. Working with Monro CEO and President John Van Heel, he will try to develop new Tire Choice outlets in Florida.

Tire Choice recently celebrated its 10th anniversary. To read more about how Tire Choice came to be, click on "It's all about making the right choices."

Related Topics: acquisitions, Dan Hennelly, Diane Hennelly, John Van Heel, Monro Muffler Brake, MTD Tire Dealer of the Year, Tire Choice

Comments ( 1 )
  • stan

     | about 7 months ago

    i have years of automotive experience.hurry and come to tallahassee,fla.im currently working at pepboys ready for a positive CHANGE!!!

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