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Big O Sells Interest in Franchisee

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Big O Tires and MFA Petroleum Company (MFA) have owned and operated multiple Big O Tires locations as a joint venture under the BORE/MPC LLC entity for more than 17 years. MFA recently bought out Big O’s share of the franchisee BORE/MPC LLC.

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Under the agreement all 14 existing locations in Missouri and Arkansas will continue to operate as Big O Tires locations under the ownership of MFA, according to a release. MFA also has an agreement to set up additional franchises under the Big O Tires brand.

“We are eager to continue our relationship with MFA Petroleum Company and we are confident that this strategic decision will be beneficial for the Big O Tires brand and for MFA,” said Kevin Kormondy, executive vice president and COO of Big O Tires. “As we evaluate opportunities that are in-line with our mission to exceed expectations for our system, including our customers and franchisees, it will be relationships like this which we have enjoyed with MFA that afford us the opportunity to focus on our commitment to operational excellence and consistent execution.”

 

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