Monro Acquires New Locations
Feb. 12, 2019—Monro Inc. has acquired 13 new locations in Florida, according to a report by Modern Tire Dealer. With the new acquisitions, the state of Florida will now have 80 locations.
The latest stores have been acquired from R.A Johnson Inc., according to Modern Tire Dealer, and included retail outlets under the name "Rick Johnson Auto & Tire." The stores will be renamed to "Tire Choice," Modern Tire Dealer reports.
According to Modern Tire Deal, the company anticipates to close a deal on Louisiana this quarter. The company told Modern Tire Dealer that a deal has been signed to purchase 12 retail tire and automotive repair stores, totaling an additional $15 million in annualized sales, divvying out a mix of 65 percent sales and 35 percent tires.