Wholesale Distribution

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Investors Acquire Stake in Unimax

National Bank Investments Inc. has acquired a 30% stake in Unimax Ltd., the company that manages several retail tire and automotive banners in Canada, including Point S. The deal has led to Unimax buying all shares of Distribution Stox Inc., its distributor.

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Founders of Simple Tire Turn Over Leadership

The brothers who founded online tire seller Simple Tire LLC are both leaving behind their executive leadership roles with the company in 2022 to co-lead other businesses. For CEO Andy Chalofsky that will include partnering with Dealer Tire in a start-up venture.

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Meet the New Wrenchers

Garage Equipment Supply, a distributor of automotive tools, has rebranded as Wrenchers. The company has also moved from California to Alabama and says it delivers to 98% of the U.S. with free shipping.

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TGI Turns 30

Tire Group International (TGI) is celebrating its 30th anniversary in 2022, marking its growth with more than 30 tire brands and business in 80 countries.

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