Monro, Inc. signed a definitive agreement to acquire Mountain View Tire & Service, Inc.
March 09, 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. 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, as well as a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company provides other products and services for brakes; mufflers and exhaust systems; as well as steering, drive train, suspension, and wheel alignment. The Company's 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 Towery's Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,299 Company-operated retail stores located in 32 states and over 76 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC; and MNRO Holdings, LLC.
MONRO, INC. 
