MAY 19, 2010 – McCarthy Tire Service has acquired Gerrard Tire Company, a five-location dealership based in Charlotte, North Carolina. The deal includes:
- Two full-service retail stores – one at 420 W. 6th Street in uptown Charlotte, and the other at 8100 Fairview Road in the nearby suburb of Mint Hill.
- A commercial tire and truck service center on 1222 W. Craighead Road in Charlotte.
- A Bandag-brand retread manufacturing plant at 227 Atando Avenue in Charlotte.
- A tire distribution center next to the retread plant.
Jerry Gerrard and his father, Red, founded Gerrard Tire Company in 1972. At the time of the acquisition, Gerrard Tire employed 80 people. It did approximately $20 million in sales in 2009.
“They’re well-established in the Charlotte market,” said McCarthy Tire Service president, John D. McCarthy Jr. “This deal gives us another retread plant to service our fleet customers. It expands our capabilities in the southeast.”
The two retail stores are full automotive centers. They offer tires and tire services for passenger vehicles and light trucks, oil changes, mechanical work and repairs, and inspections.
The Craighead Road location has tire sales and services for commercial trucks, construction equipment, mining and quarrying vehicles, farm tractors, and agricultural equipment. Its expert mechanics handle mechanical work and diesel engine repairs on heavy trucks, preventative maintenance services, and state and DOT inspections for trucks. The service fleet is dispatched from this location for 24-hour roadside assistance for commercial trucks, and onsite service for off-the-road (OTR) vehicles.
McCarthy Tire Service ranks as the 8th largest independent commercial tire dealers in the United States. It operates 33 service centers in seven states.
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