It’s estimated that 70% of private businesses in the U.S. never have a successful exit. While overall M&A activity among tire retailers, wholesalers and commercial tire dealerships remains active but noticeably slower, it’s harder for wholesalers and commercial tire dealerships to have a sale event as compared with retailers.
The reasons for this have to …
In the commercial tire business, the quest for profitability can sometimes feel like a struggle. Commercial tire dealers tirelessly serve their demanding customers, often operating on challenging margins. If you find yourself in this position, there are some smart strategies that can help you build wealth over time. In this column, I’ll be exploring real …
In the realm of collision repair, the past six months have marked a compelling journey for The Collision Vision. As the host of Autobody News' weekly podcast dedicated to the business side of the collision repair industry, I've had the distinct privilege of connecting with industry trailblazers who have cast a penetrating light on the …
The tire industry has experienced a surge in interest from private equity firms seeking to acquire tire dealerships. Several factors contribute to this phenomenon:
Selling a business can be a challenging decision, especially for those who have nurtured it over the years and built a dedicated team of employees. One of the concerns that sellers often face is whether the new buyer will uphold their promise to take care of the employees. At the same time, the tire industry …
