MAY 9, 2011 – McCarthy Tire Service has acquired Duncan Brothers Tire Company, a family-owned tire dealer based in Winchester, Virginia. It added six service centers to McCarthy Tire’s footprint – two in Winchester, Virginia; one each in Front Royal and Culpeper, Virginia; one in Hagerstown, Maryland; and one in Martinsburg, West Virginia. All the locations offer tire sales and service for trucks and passenger vehicles, as well as automotive services and repairs. One store in Winchester also provides mechanical repairs for trucks.
McCarthy Tire completed four acquisitions last year; this deal is the first for 2011.
“Over the last five years, we’ve been in a growth mode,” said John D. McCarthy Jr., president of McCarthy Tire Service. “This opportunity was right. The business climate is good for this acquisition, and we’re taking advantage of it.”
“We have a store in Winchester, and Duncan Brothers was our biggest competitor. This deal will expand the market that we’re already in,” McCarthy added. “When the acquisition is complete, it will bring additional strength to our team and allow us to offer new services to their customers.”
Duncan Brothers Tire Company has been in business since 1934. The company has been in discussions with McCarthy for several years, according to the local firm’s president, Carmen Rio.
“They had said if we were ever looking to sell, they would be interested,” he said. “We finally decided to listen.”
The timing “just made sense,” he added. “They’re family-owned just like us. With their size and resources, they’ll be able to expand on what Duncan Brothers was able to do for 75 years.”
With the acquisition, McCarthy Tire will operate 37 service centers, five Bandag retread manufacturing plants, one off-the-road (OTR) retread manufacturing facility in seven states, and 350 service vehicles. The deal will add 60 associates to the current team of 700 employees. The company is ranked as the 8th largest commercial tire dealer in the United States for 2011.
ABOUT MCCARTHY TIRE SERVICE
Founded in 1926, McCarthy Tire Service is a family-owned and operated tire dealer headquartered in Wilkes-Barre, Pennsylvania. The company has more than 60 service locations and 10 Bandag retread tire manufacturing plants along the east coast of the United States. McCarthy Tire is the sixth largest independent commercial tire dealer and one of the top 50 retail tire dealers in the country. The company offers tire sales and service; automotive mechanical services and repairs; fleet services; truck mechanical services; 24-hour commercial roadside assistance; and retread tire manufacturing. For more information, visit www.McCarthyTire.com.
MEDIA CONTACT
Amy Cameron, 800-724-3506, acameron@mccarthytire.com