Monro Mountain View Tire & Service Acquisition

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
  • Tomorrow's Tech University
AftermarketNews - Babcox Media
The Business of Selling Parts
Financial

Monro To Acquire Mountain View Tire & Service Inc.

The transaction is expected to add approximately $45 million in annualized sales, representing a sales mix of 70% service and 30% tires.

aftermarketNews Staff
By aftermarketNews Staff
Published:

From Tire Review

Related Articles

Monro Inc. has signed a definitive agreement to acquire California-based Mountain View Tire & Service Inc.

The acquisition includes 30 Mountain View Tire & Auto Service retail stores located in the Los Angeles area. Monro will continue to operate all of these locations.

The transaction is expected to close in the first quarter of fiscal 2022, and add approximately $45 million in annualized sales, representing a sales mix of 70% service and 30% tires. On a combined basis, acquisitions completed and announced to date in fiscal 2021 represent an expected total of $65 million in annualized sales.

You May Also Like

Auto Parts 4 Less Group Inc. Announces Growth Strategy
Auto Parts 4 Less Group Inc. Announces Growth Strategy
financial results
Financial

Dana Inc. Reports 2023 Record Sales and Q4 Earnings

For the full-year 2023, Dana reported sales of $10.6 billion, up from $10.2 billion in 2022.

Madeleine Winer
By Madeleine Winer
Published:
Financial-results

Dana Incorporated disclosed its financial outcomes for the fourth quarter and full-year 2023 on Tuesday. Despite an overall positive trajectory, fourth-quarter results revealed a decline in sales from $2.6 billion in 2022 to $2.5 billion in 2023. This downturn was primarily attributed to the impact of the UAW strike on Dana's Light Vehicle Driveline segment, although partially offset by cost-recovery measures and backlog conversions.

Read Full Article

More Financial Posts
LKQ Corp. Announces Q4, Full Year 2023 Results

President and CEO Dominick Zarcone expressed satisfaction with the company’s results amid macroeconomic challenges.

By Madeleine Winer
Standard Motor Products Releases Q4, 2023 Year-End Results

Eric Sills, chairman and CEO, said the company is looking to continue to find ways to better service customers and explore opportunities to partner for growth in 2024.

By Madeleine Winer
Financial-results
Phinia Reports Q4 Results & 2024 Outlook

Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.

By Madeleine Winer
financial results
GPC Delivers on 2023 Financial Goals

GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.

By Madeleine Winer

Other Posts

HDA’s Colorado Brake & Supply Announces Acquisition

The HDA Truck Pride member has acquired Pueblo Brake & Clutch, Inc.

By Mary DellaValle
HDA's Colorado Brake & Supply Announces Acquisition
Solero Technologies to Acquire Kendrion’s Automotive Business

The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.

By Mary DellaValle
Solero Technologies to Acquire Kendrion's Automotive Business
Dill Air Controls Acquires Exactra, Inc.

“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.

By Emma Henderson
Dill Air Controls Acquires Exactra Inc.
Fenix Parts Completes Acquisition of Neal Auto Parts

Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people.

By Emma Henderson