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Drivers are as excited as children waiting for the year s final school bell to hit the road and travel this summer.
And with much of the country opening up again as COVID-19 cases are decreasing and vaccinations increasing, the tire industry may be poised for a very good season. I think the volume of driving is picking up, and I think it s going to steadily increase over the summer months, Robert Clark, managing director of retail operations for Dunn Tire L.L.C., noted.
Clark expects the Buffalo, N.Y.-based dealership s 26 stores to experience strong sales this summer, both for tires and automotive service, as people prep their vehicles for road trips and vacations.
We have sold the business.
Workers immediately begin to wonder: What will happen to my job? How will it change? Will they cut our staff? Will I have a job?
Frank Kneller, CEO of GB Automotive Service Inc., knows all about the uncertainty that comes with the sale of a business. That s one of the reasons, he said, that he and his team approach every acquisition that GB makes a dozen separate deals involving 181 locations in five states, and counting, with plans to reach 300 or more in the next year with compassion and enthusiasm toward employees at each new location.
And we thought 2020 was quite a year.
Not to take anything away from last year it was a year that won t be forgotten anytime soon, both for its heartache and heartwarming stories but this year already has proved to be quite memorable in its own right, at least in the tire and automotive service industry.
With the year barely 75 days old, there already has been enough M&A activity (mergers and acquisitions) to last a lifetime.
Prime among them, at least since the start of March, is BayPine L.P. s bid to purchase Mavis Tire Express Service Corp., a network of more than 1,100 company-owned and franchised locations spread across 27 states. The investment firm, in partnership with TSG Consumer Partners LP (TSG) and existing equity holder West First Management (WFM), a holding company controlled by Mavis co-CEOs David and Stephen Sorbaro, hope to close the deal in the second quarter.
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