The board of directors of the Northwest Tire Dealers Association (NWTDA) and the Northwest Auto Care Alliance (NWACA) have announced that the NWTDA will merge with NWACA effective Jan. 1, 2023. Based in Lakewood, Washington, the NWACA has a four-person staff and annually produces the three-day Automotive Training Expo (ATE) each spring in Seattle. NWACA
Merger and acquisition activity was subject to both significant catalysts and developing headwinds in 2022. The continued retail consolidation by the major and mid-tier retail consolidators remained strong coast to coast, with strategic buyers and private-equity-backed platforms driving activity, while new private equity entrants expressed interest in obtaining a retail consolidation platform or pursuing a
Southern Tire Mart LLC isn’t letting supply chain woes slow down its expansion plans. In fact, with the recently-announced acquisition of 12 Redburn Tire stores and 26 of Bridgestone’s GCR Tires & Service stores, the commercial tire dealing giant’s national footprint now stands at 172 stores strong, not counting the 51 Southern Tire Mart at
Mike Dwyer will serve as president of Goodyear’s North America Consumer business and Renee Radabaugh will take his place as VP of the North America Consumer Channels and Categories teams.
The two North Carolina-based associations have merged to form the Automotive Service and Tire Alliance.
The companies say the new business will address the market shift for digital and service-focused business models.
Upon completion of the merger, DWI will join the Parts Warehouse family.
The newly-combined company will operate under the name J.D. Power and will offer new and pre-owned automobile transactional data, valuation tools, vehicle feature information and consumer analytics to the automotive industry.
If you don’t have a succession plan or just want to be ready when it’s time to enjoy the fruits of your labor, follow these tips to kickstart planning for your business’ future.
Following the money can serve as a valuable barometer to help predict where the industry is headed with increased interest in the tire segment from private equity, institutional investors and strategic acquirers.
MW Company was launched this week to have Momo Tires and Weld Racing under one unified, corporate identity.