Big O Tires Sells Franchise to MFA Petroleum Company
July 14, 2015—On Monday, Big O Tires, LLC and MFA Petroleum Company have announced that its Big O Tires joint venture will be purchased by MFA in a mutually beneficial agreement.
All 14 locations in Missouri and Arkansas will continue to operate as Big O Tires locations under the ownership of MFA. Future locations will also operate under the Big O Tires brand. Two more locations are scheduled to open later this year and additional opportunities are also under consideration.
“We are eager to continue our relationship with MFA Petroleum Company and we are confident that this strategic decision will be beneficial for the Big O Tires brand and for MFA,” said Kevin Kormondy, executive vice president and chief operating officer of Big O Tires. “As we evaluate opportunities that are in-line with our mission to exceed expectations for our system, including our customers and franchisees, it will be relationships like this which we have enjoyed with MFA that afford us the opportunity to focus on our commitment to operational excellence and consistent execution. All of which will assist us as we continue to strengthen our 50+-year old brand that is known for being The Team You Trust in the communities that we serve.”