U.S. Autoforce Acquires Max Finkelstein Inc.

U.S. AutoForce To Acquire Max Finkelstein Inc.

U.S. AutoForce, a division of U.S. Venture, will acquire tire distributor Max Finkelstein, Inc., headquartered in Astoria, New York. The acquisition is expected to close Jan. 31 and Max Finkelstein will operate as a division of U.S. AutoForce under the management of the current leadership team.

Founded in 1919 with a single retail store in Astoria, New York, Max Finkelstein, Inc. has grown to become one of the largest independent wholesale tire distributors in the country. It currently operates 15 distribution centers in the Northeast and Mid-Atlantic regions, U.S. Autoforce says.

“The opportunity for U.S. AutoForce and Max Finkelstein to join forces is very strategic for the future of both companies and for our customers,” said Pat Hietpas, president of U.S. AutoForce. “After the transaction closes, we will be able to combine our resources and build on the impressive momentum Max Finkelstein has created in serving their customers so passionately for over 100 years.”

“This is an extremely exciting chapter in the history of our company,” says Ira Silver, president and CEO of Max Finkelstein. “We welcome the opportunity to provide many additional products and programs to our valued customers, while continuing to deliver an exceptional customer experience.”

After closing, U.S. AutoForce will operate 62 distribution centers servicing 45 states and is uniquely positioned in the market by distributing all major tire brands, the company says.

Wells Fargo Securities served as exclusive financial advisor and Foley & Lardner, LLP, served as legal counsel to U.S. Venture, Inc. Solomon Partners, L.P. served as exclusive financial advisor and Ropes & Gray LLP served as legal counsel to Max Finkelstein, Inc.

You May Also Like

Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

ANYLINE-AI-stock

Anyline has received €2.64 million (approx. $2.86 million) administered through the Austrian research promotion agency – Österreichische Forschungsförderungsgesellschaft (FFG) – as a public grant over the last three years to fund research and development of Closed Loop Training (CLT) for artificial intelligence (AI) models that speed the time to accurately capture and digitize analog information.

Continental appoints new ‘head of region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the United States and Canada.

Conti-RobSchroeder_HeadofRegion
K&M Tire adds Jon Zurcher as executive vice president

Zurcher previously served as COO for Best-One Tire for the past seven years.

John-Z-K&M
Hercules Tire reveals spring rebate on five tire lines

From now until May 15, customers who purchase four qualifying Hercules Tires may be eligible to receive up to a $70 rebate.

hercules-spring-us-rebate
Kenda Tires becomes Cleveland Cavaliers associate partner for NBA playoff games

The tire manufacturer will be advertised on the court, with Kenda-branded rally towels, and will appear during local pre-game programming.

Kenda-Tire-Sir-CC-High-Fives-1400

Other Posts

Nokian Tyres releases 2023 sustainability report

Highlights of the company’s sustainability actions in 2023 include a commitment to achieve science-based net-zero emissions by 2050.

Nokian-Tyres-sustainability-report
Giti Tire announces winners of STEAM competition

New this year, the winning teams from each division will progress to compete out of state.

Giti-STEAM-Winners
Nexen Tire to be the official tire partner of the San Diego Padres

Nexen Tire will be featured on a variety of marketing assets, including billboards and in-ballpark branding at Petco Park.

Nexen-Tire-Padres
WGH to recall up to 520,000 Terrain Attack, Terrain Pro winter tires

The tires are labeled as snow tires, but do not have sufficient traction to perform in all snow weather conditions, according to the National Highway Traffic Safety Administration.

Recall