M&A Deal Summary

Monro Acquires Free Service Tire

On May 21, 2018, Monro acquired automotive company Free Service Tire

Acquisition Highlights
  • This is Monro’s 3rd transaction in the Automotive sector.
  • This is Monro’s 5th transaction in the United States.
  • This is Monro’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2018-05-21
Target Free Service Tire
Sector Automotive
Buyer(s) Monro
Deal Type Add-on Acquisition

Target

Free Service Tire

Johnson City, Tennessee, United States
Free Service Tire Co. is an own and operator of 12 retail and commercial stores, four wholesale distribution centers and one retread facility, adding to Monro’s more than 130 existing retail, commercial and wholesale locations in Tennessee, North Carolina, and Virginia.

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Buyer(S) 1

Buyer

Monro

Rochester, New York, United States
Category Company
Founded 1957
Sector Automotive
Employees8,750
Revenue 1.3B USD (2024)
DESCRIPTION

Monro provides automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire, Tire Warehouse, Tire Barn, Towery's Tire and Auto Care and Tire Choice. Monro was founded in 1957 and is based in Rochester, New York.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Tennessee) 1 of 1
Country (United States) 5 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 The Tire Choice & Total Car Care

Tampa, Florida, United States

The Tire Choice & Total Car Care is one-stop shop for the highest quality tires and automotive service and repairs. Our service facilities are state-of-the-art.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Tires Now

Rochester, New York, United States

Tires Now operate seven facilities across the Southeastern United States, servicing more than 3,500 wholesale customer locations annually.

Sell $105M
Mergr

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