Barely three months after selling 27 Tire Centers LLC (TCi) stores to an independent tire dealer in the southeastern United States, Michelin North America Inc. is planning to sell more TCi locations – this time to an Oklahoma-based dealer.
The buyer is T&W Tire Inc. based in Oklahoma City.
In response to Modern Tire Dealer’s questions, Michelin provided the following statement:
“Tire Centers, LLC (TCi), a wholly owned subsidiary of Michelin North America, Inc., has reached an agreement in principle to sell certain commercial locations in Kansas, Louisiana, Missouri and Texas to T&W Tire of Oklahoma City. As part of its normal operations, TCi is constantly evaluating and evolving its footprint to better serve its customers.”
Michelin did not specify how many locations are included in the agreement. T&W Tire has 15 combination commercial-retail outlets and two retread plants in Oklahoma and Texas. The company is part of the Michelin Commercial Service Network and is a Michelin Retread Technologies franchisee.
Snider Tire Inc.’s purchase of 27 commercial locations, including four retread plants, from Michelin’s TCi subsidiary was finalized on June 30, 2017. Financial details were not disclosed. Snider Tire, which goes to market as Snider Fleet Solutions, has grown from a single tire store opened in 1976 to 81 commercial tire and mechanical services locations today. The company is based in Greensboro, N.C. The acquisition extends Snider Fleet Solution’s coverage into Alabama, Mississippi, Virginia and Louisiana, while also adding additional locations in Florida, Texas, and Tennessee.