Monro, Inc. completed the acquisition of Mountain View Tire & Service, Inc. for $62.1 million.
April 24, 2021
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Monro, Inc. (NasdaqGS:MNRO) signed a definitive agreement to acquire Mountain View Tire & Service, Inc. on March 10, 2021. The acquisition includes 30 Mountain View Tire & Auto Service retail stores located in the Los Angeles area. Monro will continue to operate all of these locations. Mountain View Tire & Service had approximately $45 million in annualized revenues. The transaction is expected to close in the first quarter of fiscal 2022.
Monro, Inc. (NasdaqGS:MNRO) completed the acquisition of Mountain View Tire & Service, Inc. for $62.1 million on April 25, 2021. The acquisition was financed through our Credit Facility. These stores will operate under the Mountain View Tire & Service name.
Monro, Inc. is an operator of retail tire and automotive repair stores in the United States. The Company offers replacement tires and tire related services, automotive undercar repair services, and a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company also provides other products and services for brakes; mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignment. The Companyâs retail tire and automotive repair stores operate primarily under the brands Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Toweryâs Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,288 Company-operated retail stores located in 32 states and 50 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC, and MNRO Holdings, LLC.