AM-PAC eyes expansion
"We're interested in looking at acquisitions" during the rest of the year, says AM-PAC Tire Distributors CEO and President Dennis Mangola.
The Simi Valley, Calif.-based dealership currently has 43 company-owned outlets and nearly 280 franchises under its "Tire Pros" distribution program.
While AM-PAC's first priority will be expanding its franchise business, Mangola says the company is eyeballing wholesalers with $10 million annual sales, minimum, "depending on geographic area.
"We're also looking at strong regional retailers with 10 or more stores. (But) we're not interested in growing our retail business where our franchises are."
AM-PAC is the 21st largest independent tire store chain in North America and the continent's 7th largest distribution network, according to Modern Tire Dealer data.