Deal will strengthen top tire dealer’s presence in the greater Philadelphia region.
WILKES-BARRE, PA – February 21, 2022 – McCarthy Tire Service, a family-owned company and the fifth largest independent commercial tire dealer in the United States, has signed an agreement with LS Truck Tire Repair, Inc., to purchase five locations in the Philadelphia market and New Jersey. The deal is expected to close in late March.
LS Truck Tire Repair offers commercial tire sales and service, drive-in service, wheel balancing, alignments, rim and wheel reconditioning, and 24-hour emergency road service. The company is led by Leandro (Lee) Lamounier and Horacio Ventura.
“We have the upmost respect for the accomplishments of these young, successful businessmen and the amazing success they have achieved in such a short period of time,” said John D. McCarthy Jr., president of McCarthy Tire Service. “We feel our combined forces will be the leader in customer service in the greater Philadelphia region. We are excited about the growth opportunities our merger presents. Our fourth-generation leadership team is already working with Lee and Horacio on a mutual vision for the future.”
“We are honored to join the best in the tire industry,” said Ventura. “Becoming part of the McCarthy Tire organization is a natural fit for us. Lee and I met while working at McCarthy Tire in the early 2000’s. Since then, we have become friends, family, and business partners.
He continued, “When we decided to go into the tire business on our own, John McCarthy and the McCarthy family were right there to support and guide us along the way. McCarthy was our inspiration then and our leader now. Today marks the beginning of another chapter. We are extremely excited – it’s a homecoming!”
“We are very happy to join McCarthy Tire!” said Lamounier. “With all the support that John McCarthy and the fourth generation provided to LS Truck Tire as business partners through the years, we are very comfortable joining the best in the industry. We have always valued our customers and teammates. As part of McCarthy Tire, we will continue to provide the best service to our customers as well as take care of our teammates.”
ABOUT MCCARTHY TIRE SERVICE
Founded in 1926, McCarthy Tire Service is a family-owned and operated commercial tire dealer headquartered in Wilkes-Barre, Pennsylvania. The company has more than 60 service locations and 10 retread tire manufacturing plants along the east coast of the United States. McCarthy Tire is the fifth largest independent commercial tire dealer, the fourth largest retread tire manufacturer, and one of the top 75 retail tire dealers in the United States. It offers tire sales and service for commercial trucks, industrial equipment, off-the-road (OTR) vehicles, agricultural and forestry equipment, and passenger vehicles; commercial fleet services; truck mechanical services; 24-hour commercial roadside assistance; retread manufacturing; and automotive mechanical services and repairs. For more information, visit www.McCarthyTire.com.
Daniel G. Horn, 570-822-3151, firstname.lastname@example.org