McCarthy Tire to Acquire LS Truck Tire Repair
Deal Will Include Locations Around Philadelphia and in New Jersey
McCarthy Tire Service Co. Inc. has signed an agreement with LS Truck Tire Repair Inc., a Philadelphia, Pa.-based commercial tire dealership, to purchase the company's five locations in the Philadelphia market and New Jersey.
The deal is expected to close in late-March.
Owned by Leandro (Lee) Lamounier and Horacio Ventura, LS Truck Tire Repair offers commercial tire sales and service, drive-in service, wheel balancing, alignments, rim and wheel reconditioning and 24-hour emergency road service.
“We have the upmost respect for the accomplishments of these young, successful businessmen and the amazing success they have achieved in such a short period of time,” says John D. McCarthy Jr., president of McCarthy Tire. (McCarthy was Modern Tire Dealer's Tire Dealer of the Year Award winner in 2019.)
“We feel our combined forces will be the leader in customer service in the greater Philadelphia region. We are excited about the growth opportunities our merger presents. Our fourth-generation leadership team is already working with Lee and Horacio on a mutual vision for the future.”
“Becoming part of the McCarthy Tire organization is a natural fit for us," says Ventura. "Lee and I met while working at McCarthy Tire in the early 2000’s. Since then, we have become friends, family, and business partners.
“When we decided to go into the tire business on our own, John McCarthy and the McCarthy family were right there to support and guide us along the way. McCarthy was our inspiration then and our leader now. Today marks the beginning of another chapter. We are extremely excited. It's a homecoming!”
“We are very happy to join McCarthy Tire," said Lamounier. “We have always valued our customers and teammates. As part of McCarthy Tire, we will continue to provide the best service to our customers as well as take care of our teammates.”
Based in Wilkes-Barre, Pa., McCarthy Tire is the fifth largest commercial tire dealership in the U.S., according to MTD estimates.