Monro agrees to buy Buffalo dealership

Jan. 24, 2008

Monro Muffler Brake Inc. has agreed to acquire the assets of Broad-Elm Group, a seven-store tire dealership based in Buffalo, N.Y.

The acquisition is expected to close later this month. Broad-Elm does $4.5 million a year in sales.

Monro CEO and President Robert Gross says his company will continue with its strategy "of growth through low-cost operations and value-priced acquisitions, as evidenced by our most recent small

acquisition in Buffalo."