ESOPs, Buyouts, Trusts or Debt Recap: A Look at Alternative Exit Strategies for Tire Dealers
Many tire dealers are fortunate in having children who work in their business and plan to take over when they retire.
FOCUS Investment Banking Represents Nokian Tyres’ Vianor Stores in the USA in a Sale to Gill’s Point S Tire & Auto Service
Washington, DC, (September 17, 2020) — FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, with a specialty in the automotive aftermarket, announced today that Nokian Tyres company-owned Vianor Stores in New England have been acquired by Gill’s Point S Tire & Auto Service. FOCUS represented Nokian Tyres in this transaction.
FOCUS Investment Banker Michael McGregor Discusses Tire Dealership M&A
In the wake of COVID-19, you might be wondering if merger and acquisition (M&A) activities at the tire dealership level have kicked the bucket. According to MTD research, rumors of that demise have been overstated. Just compare last year's MTD Top 100 list of the biggest independent tire dealerships in the United States to this year's MTD 100.
You Need Both Process and People to Run a Profitable Tire Dealership
The tire and service business isn't like the rest of the retail world. They both have storefronts, but that's where the similarities end.
Acquiring Controlled Distribution Aids Brand Share Growth
Here’s a little history lesson for the young people. Bridgestone ...
Who’s Winning the Battle for Tire-Buying Consumers?
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.
Power of Pricing: Healthy Margins Improve Business Value
My father-in-law, Ed Tuck, was a pretty smart guy. Before becoming a venture-capitalist and founding Magellan GPS, he was a turnaround consultant to failing telecom businesses in the 1980s. (Read “A Sense of Direction,” Ed Tuck and Mike Khaldun, Dog Ear Publishing, 2018.) I once asked him about the first things he did when he took over a failing business. Ed said that first, he’d find the person responsible for the mess and fire that person just to get everyone’s attention. Then once he got their attention, he raised prices.
What Matters Most to Your Store’s Potential Buyer?
Last month we looked at several important considerations that matter ...
Potential Buyers Expect EBITDA to be at Least 10% of Sales
Last month we looked at several important considerations that matter ...
Understanding Private Equity Investments in the Tire and Service Business
With the recent combination of private equity-owned Mavis Tire Supply ...