Monro Inc. paid $62.1 million for its most recent expansion in California — the 30 Mountain View Tire & Service Inc. stores it acquired in the Los Angeles area.
Monro Inc. paid $62.1 million for its most recent expansion in California — the 30 Mountain View Tire & Service Inc. stores it acquired in the Los Angeles area.
Monro disclosed the selling price in a filing with the SEC. And in that same filing, the company says the stores "will operate under the Mountain View Tire & Service name."
The company announced its plans to buy Mountain View Tire & Service in March and closed the deal on April 25. Monro expects the stores to add about $45 million in annual sales.
As of June 26, 2021, the Mountain View stores have contributed $7.9 million to Monro's bottom line.
Joy Kopcha joined Modern Tire Dealer and Auto Service Professional as senior editor in 2014 after working as a newspaper reporter for a dozen years in Kansas, Indiana and Pennsylvania. She was named managing editor of MTD and ASP in 2022, and took on that same role with Motor Age in 2024.
She is an award-winning journalist, including in 2023 when she was named a Jesse H. Neal Awards Finalist.
