Terry's Tire Buys Out N.E.'s Summit Tire - Tire Review Magazine

Terry’s Tire Buys Out N.E.’s Summit Tire

Alliance, Ohio’s Terry’s Tire Town Holdings Inc. has acquired Summit Tire of Massachusetts.

The deal was completed in late February. Both Summit Tire and Terry’s Tire are member distributors of American Car Care Centers.

The acquisition effectively doubles Terry’s Tire Town’s size to six warehouses. Founded in 1972, Terry’s Tire had facilities in Alliance, Baltimore and Richmond, Va.; Summit Tire has warehouses in Brockton, Mass., Nashua, N.H., and Westbrook, Maine.

“We are extremely excited about this acquisition,” said Will Tollerton, president and CEO of Terry’s Tire. “Summit Tire has a great customer base of quality tire dealers, and we plan to continue to provide them with the best possible products and service, and by adding new brands of tires and providing enhanced marketing opportunities.”

Summit Tire owners Ben Kravitz, Harvey Rudnick and Frank Ledwith plan to stay with the company in consulting or more active roles. Summit Tire was founded in 1971, and currently runs a fleet of 25 delivery vehicles.

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