Consolidation is rampant in the automotive aftermarket industry. Private equity and strategic investors are buying thousands of small stores and shops around the country, creating efficiencies until they’re ready to be sold off or go public.
Experienced, key people like that are worth their weight in gold and tire dealers need to do all they can to keep them. This blog addresses the importance of how retention of key employees enhances business value.
Small businesses, often family-owned, are consolidating quickly as they are pressured from their customers to deliver better parts and products faster and cheaper. These businesses are looking at how they can stay competitive.