Leeds West Pushes Into New Mexico

Posted on October 1, 2019

Leeds West Groups (LWG) has boosted its footprint with the acquisition of six Big O stores in New Mexico.

Greenwood, Colo.-based LWG purchased the stores from Keith Blake, Michael Pryor, Mitch Beranek and Scott Koldenhoven. Terms of the deal, which closed today, have not been revealed.

The transaction boosts the firm's Big O store holdings to 23 locations and marks the 14th "new Big O Tires location added into the LWG portfolio within the last 80 days," according to LWG officials.

"Entering into the New Mexico market was a no-brainer for LWG," says Judd Kyle Shader, LWG CEO. "It allows us to build out the states surrounding Colorado, continuing to create consolidation and large expansion opportunities for us along the Interstate 25 corridor and the midwest region."

Shader adds that LWG is "committed to shifting our acquisition focus to larger-scale growth opportunities and this deal aligns perfectly with our growth objectives and operational strengths."

James Gould, vice president of LWG's Big O Tires division, and Derek Wessels, COO of LWG's Automotive Divisions, will run the company's New Mexico operations.

Related Topics: acquisitions, Big O Tires, Leeds West Groups, retail

Comments ( 0 )
More Stories
News Bridgestone's Sales Fall 3% in 2019

Net sales for Bridgestone Corp. in fiscal 2019 were 3,525.6 billion yen, down 3% versus the previous year. Operating profit was 326 billion yen, a decrease of 19% compared to 2018.

"2019 gave us an opportunity to revisit the true purpose of our company and how we service the U.S. market," says Yokohama Tire Corp. President Jeff Barna.
News What's Next for Yokohama? Barna Talks Products, OE, Distribution and Helping Dealers With the "Here-And-Now"

Jeff Barna has seen a lot of changes since he was elevated to the top role at Yokohama Tire Corp. two years ago. And he’s driven quite a few changes of his own design, in an effort to position the company for future growth.

Hankook gathered its high-performing dealers in Riviera Maya, Mexico, for its annual Partner’s Day event to celebrate 2019's successes and to present a roadmap for growth in 2020.
News Hankook Plans More Capacity, Fitments and TBR Products in 2020

Hankook Tire America Corp. President Soo Il Lee shared plans to ramp up capacity to 4.8 million tires in 2020 with dealers attending the company’s annual Partner’s Day event Jan. 27-31 in Riviera Maya, Mexico.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!

We respect your data and privacy.
By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent.