It seems like every issue of Modern Tire Dealer has an announcement of a new acquisition by Monro Inc., Icahn Automotive Group LLC, Bridgestone Americas Inc. and the like. One would assume by reading these that what I call the company-owned conglomerates are “winning the war” for the hearts and minds of consumers, but I would disagree. I think tire dealers are winning right now.
Art Blumenthal LLC, a business broker that specializes in the automotive aftermarket, has redesigned its website with more resources to help those buying and selling tire stores and auto service centers.
You‘re in business for a variety of very good reasons, but the number one reason is to make a profit. If you can’t do that, shut it down and go do something else.
The Coker family has sold the Coker Group to the company's CEO and President, Wade Kawasaki, along with members of the company's leadership team and Irving Place Capital.
Jeff Pohlman Tire & Auto Service Inc., a 28-year-old family owned and operated business with five locations in Ohio, has been acquired by Monro Inc.
There's another big change afoot in the North American tire distribution landscape. This time, it's in Canada. Groupe Touchette Inc. is acquiring Atlas Tire Wholesale Inc. The combined companies expect sales to reach between $550 million and $650 million.
Sophisticated buyers want to know everything about your business before acquiring it so they can be responsible to their shareholders and investors, as well as plan for an effective integration after the sale closes.
Cisneros Corp. has unified the Momo, Weld Racing and other aftermarket performance and racing brands under a single entity called MW Company.
Telle Tire & Auto Service Inc. has acquired two more stores and crossed a major goal off its list — expand beyond the St. Louis metro market.
Strategic and financial buyers want to know everything about your business before acquiring it so they can be responsible to their shareholders and investors, as well as plan for an effective integration after the sale closes.
With the combination of private equity-owned Mavis Tire Supply Corp. and Express Oil Change & Tire Engineers (Express Oil Change LLC), it’s a good time for tire dealers to understand how private equity plays the acquisition game differently than strategic acquirers like Monro Inc.
The owners of Mavis Discount Tire stores and Express Oil Change & Tire Engineers outlets have agreed to merge their automotive service and tire retailing outlets. The merger will create an independent automotive service platform of more than 830 outlets in the U.S.
PitStop, a chain of 318 tire and auto service stores in Germany, has joined Point S Germany. The merger gives Point S 870 retail locations throughout Germany.