Dealer Tire LLC has announced that it intends to offer $150 million in aggregate principal amount of senior notes, due 2028, in a private offering, subject to market and other conditions.
As independent tire dealers battle the competition, they often search for the one thing that will help them stand out. At the 2017 K&M Tire Inc. annual dealer conference in Overland Park, Kan., the wholesaler provided a day-and-a-half event full of educational sessions to help dealers identify those opportunities.
The wholesale division of North Gateway Tire Co. Inc. in Seville, Ohio, recently held an open house for the grand opening of an 82,000-square-foot warehouse expansion. It was attended by customers from approximately 150 of its independent tire dealership accounts.
In 1956, George Simon and John Sori founded Reliable Tire Co., a wholesale tire distributor originally based in Camden, N.J., near Philadelphia. They sold multiple brands, including private brands, from a single warehouse.
