Pennsylvania-based McCarthy Tire Service has entered into an assets purchase agreement with North Carolina-based Ragan Tire Group.
“Ragan Tire Group is one of the premier off-the-road service companies in the Southeast,” said John D. McCarthy, Jr., president of McCarthy Tire Service. “When we combine our companies, McCarthy Tire Service will be one of the largest OTR service providers on the East Coast.”
Ragan Tire Group’s operations in North Carolina will be merged into four of McCarthy Tire’s eight locations in the state, the dealership said. Additionally, McCarthy will acquire three new locations in South Carolina and one in Georgia through the deal.
All Ragan’s employees will join McCarthy’s team.
Following the acquisition, which is scheduled to close in mid July, McCarthy Tire will operate 49 locations in nine states.