Ragan Tire Group, the holding company for OTR retreader RDH Tire & Tread Co., has acquired the OTR tire servicing assets of Snider Fleet Solutions in the Carolinas and Georgia. The company agreed to a long-term servicing agreement with Snider, covering the OTR business.
Financial terms of the deal were not disclosed, and neither Ragan nor Snider elaborated on what assets are included in the deal.
For Snider, the transaction will allow the Greensboro, N.C.-based commercial dealership to “focus on our core business of providing truck tires, (Michelin Retread Technologies) retreads and related services to our diverse group of customers,” said John Snider, the company’s CEO.
Ty Smith, vice president, sales and operations of Ragan Tire Group, said the deal provides an “opportunity to implement [Ragan Tire’s] growth initiatives across the Georgia marketplace.”
This is Ragan Tire Group’s second acquisition this year in this field. In June, Ragan Tire Group acquired South Carolina- based Miller Bros. Giant Tire Inc., an OTR tire distributor with eight service locations in the Carolinas, Florida and Georgia.
The combined Ragan-Miller Bros. OTR business unit operates service locations in Concord, Graham and Marion, N.C., Duncan, Cayce and North Charleston, S.C., Palmetto, Ga., and Jacksonville, Fla.