Snider Tire Inc.’s purchase of 27 Tire Centers LLC (TCi) locations adds four states to its geographic coverage and earthmover tires to its service portfolio.
President John Snider told Modern Tire Dealer the acquisition increases his company’s footprint in the southeastern United States. “We were already in the Carolinas, Georgia and Florida, but we were not in Alabama, Mississippi, Virginia and Louisiana and we had a limited presence in Tennessee. This acquisition gives us much greater density within that whole footprint.” The former TCi locations get the company into sales and service of earthmover tires “in a fairly significant way,” according to Snider. “A lot of opportunity comes when you combine 27 locations with our existing ones. We think the earthmover business is a great opportunity for us to grow into that part of the market.”
Snider says the acquisition also provides an opportunity to introduce his company’s mechanical services offering at a number of the 27 locations.
Snider Tire’s purchase of the commercial locations from Michelin North America Inc.’s TCi subsidiary was finalized on June 30, 2017. Financial details were not disclosed.
The company, 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 Greensboro, N.C.-based company is No. 16 on the Modern Tire Dealer 100 list of the nation’s largest independent tire dealers.
The acquisition includes four retread plants located at the commercial stores in Birmingham, Ala.; Jackson, Miss.; Jacksonville, Fla.; and Nashville, Tenn.
“Our retread business has increased every year and continues to increase. We think that retreading represents great value to the end user so we don’t hesitate to continue to invest in retreading,” says Snider. The company now has 11 retread plants with the capacity to produce 3,500 medium truck tire retreads per day.
Snider Fleet Solutions uses the Michelin Retread Technologies (MRT) process in its retread shops. “We obviously have a very close relationship with Michelin,” says Snider. “They’re our lead supplier both on the new tire and the retread side. When they made the decision to divest themselves of their commercial locations, we were positioned well geographically to be able to take advantage of that.”
The agreement includes approximately 350 TCi employees, which brings the number of Snider Fleet Solutions employees to more than 1,500. The company has 12 distribution centers which service its stores and provide mounted wheel services for fleets.
In addition, the company is currently building a new store for its outlet in Charleston, S.C., and is moving existing Snider Fleet Solutions stores in three other markets to different locations. The stores are expected to be in their new locations by the end of 2017.