Monro Inc. paid $62.1 million for its most recent expansion in California — the 30 Mountain View Tire & Service Inc. stores it acquired in the Los Angeles area.
Monro Inc. paid $62.1 million for its most recent expansion in California — the 30 Mountain View Tire & Service Inc. stores it acquired in the Los Angeles area.
Monro disclosed the selling price in a filing with the SEC. And in that same filing, the company says the stores "will operate under the Mountain View Tire & Service name."
The company announced its plans to buy Mountain View Tire & Service in March and closed the deal on April 25. Monro expects the stores to add about $45 million in annual sales.
As of June 26, 2021, the Mountain View stores have contributed $7.9 million to Monro's bottom line.
After more than a dozen years working as a newspaper reporter in Kansas, Indiana, and Pennsylvania, Joy Kopcha joined Modern Tire Dealer as senior editor in 2014. She has covered murder trials, a prison riot and more city council, county commission, and school board meetings than she cares to remember.
