Bankrupt Big 10 Tire sells operations to 'New Big 10'
Mobile, Ala.-based Big 10 Tire Stores Inc., which had been in bankruptcy, has completed the sale of its operations to an entity called New Big 10 Tire Stores Inc.
"Through the bankruptcy process and with the support of New Big 10, we were able to successfully reorganize the business while maintaining normal operations with our vendors and employees and providing continuous service to our loyal customers," says Big 10 Tires CEO and President Don Kennemer.
"We have emerged with a stronger balance sheet and a leaner, more focused organization that will strengthen our value proposition and reputation for superlative service."
Big 10 is part of Sun Capital Partners Inc., a private investment firm focused on leveraged buy-outs and other investments.