Monro Muffler Brake Gets Green Light to Acquire ProCare - Tire Review Magazine

Monro Muffler Brake Gets Green Light to Acquire ProCare

(Akron/Tire Review) Monro Muffler Brake Inc. has received approval from U.S. Bankruptcy Court to acquire ProCare Automotive Service Solutions.

The company entered into an asset purchase agreement with ProCare on Mar. 6, but it was subject to an auction process and Bankruptcy Court approval.

The $14.6 million deal is expected to close on Apr. 29.

"We are pleased that the Bankruptcy Court approved our acquisition of ProCare and look forward to integrating the 75 acquired locations and store employees into our existing store base in Ohio and Pennsylvania," says Robert G. Gross, CEO and president. The company currently operates 625 stores and has 16 dealer locations.

"Within the next week, we will have installed our point-of-sale system in all stores, trained store employees, delivered an initial inventory to each store and removed slower moving items,” added Gross.

"The addition of ProCare will effectively fill in key geographic locations and increase our overall market share," he said.

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