McCarthy Tire Service and Bridgestone Americas Tire Operations, LLC have reached an agreement for McCarthy Tire to purchase 13 GCR Tires & Service (GCR) stores and three GCR retread plants from Bridgestone. The transaction is expected to close in mid-August.
New Acquisitions for McCarthy Tire
“We are excited to expand our service network in the Carolinas and Virginia,” said John D. McCarthy, Jr., president, McCarthy Tire Service. “The addition of 13 stores and three retread manufacturing plants will allow us to respond more quickly to our customers’ needs, minimising downtime and keeping their businesses moving.”
McCarthy Tire currently operates more than 50 service locations and seven Bandag retread manufacturing facilities spanning from Georgia to New York.
“This transaction is an important step in Bridgestone’s ongoing effort to evolve our commercial tire distribution strategies to better meet the needs of fleet customers,” said Scott Damon, president, Commercial Group, U.S. and Canada, Bridgestone Americas Tire Operations. “Partnering with McCarthy Tire will strengthen our distribution network along the East Coast and drive further growth for Bridgestone products and fleet solutions.”
McCarthy Tire and the GCR stores included in the sale will conduct business separately until the transaction closes.