Washington, DC, (May 4, 2022) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Bruce’s Tire & Auto Service (“Bruce’s Tire”), a Fremont, California-based local tire specialist and repair center, has been acquired by Sun Auto Tire & Service, Inc. (“Sun Auto”), a leading provider of quality auto repair, maintenance, and tire services. FOCUS advised Bruce’s Tire in this transaction, which closed last December.
For over 80 years, Bruce’s Tire has provided high-quality tire and auto repairs to its lifelong customers. Bruce’s Tire has had a number of opportunities to develop new markets and Sun Auto is the perfect home for the next stage of the company’s growth. This acquisition expands Sun Auto to more than 350 locations.
“Acquisition opportunities are the cornerstone of our growth strategy, and we take pride in partnering with successful brands that help to strengthen our identity as the most reliable company in automotive care,” stated Chris Garman, vice president of business development at Sun Auto Tire & Service. “We believe in the value of each acquisition and understand the strong history that accompanies them. Leveraging the power of local brands like Bruce’s Tire and retaining their employees, combined with investing in systems and bringing purchasing power, we add to their success and their local reputations.”
Richard Howard of Bruce’s Tire commented, “We’ve known the team at FOCUS for some time, as they have represented some of our best friends in the tire business with their exits. It was an easy decision to hire them when we made the decision to sell.”
Michael McGregor, Managing Director in FOCUS Investment Banking’s Automotive Aftermarket group, said, “It’s not everyday that you get to assist wonderful clients like Richard Howard of Bruce’s Tire. He was a great partner who never lost faith and we appreciate his and his family’s patience while we all worked together to get this deal done.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
Download this press release as a PDF