Terry's Tire Town Acquires East Coast Wholesaler
Deal Marks Second Acquisition in 10 Months
ALLIANCE, Ohio, Dec. 1, 2011 /PRNewswire/ -- Terry's Tire Town Holdings Inc. proudly announces the acquisition of Englewood Tire Wholesale (ETW), a provider of more associate dealer programs than any other tire distributor in New Jersey, New York and Connecticut.
The acquisition further advances the expansion of Terry's Tire Town as a super regional leader in wholesale tire distribution. With the addition of Englewood Tire Wholesale's four East Coast distribution centers, Terry's Tire Town now stocks more than 800,000 tires in all sizes and brands, housed in 11 state-of-the-art warehouses across the Eastern and Midwestern United States. The acquisition allows Terry's Tire Town to provide leading and consistent wholesale distribution services in 12 states, including the administration of American Car Care Centers (ACCC) and Eco Express programs.
More than just an ordinary business deal, this is a marriage of like-mind cultures and executives who know each other and share a common commitment to customer service as a top priority.
Like Terry's Tire Town, Englewood grew and succeeded one customer at a time over decades -- in the case of Englewood Tire Wholesale, since 1946.
"Englewood has outstanding executive leadership and a premier sales team and we are excited to work with our new colleagues,'' said Terry's Tire Town CEO Will Tolerton.
Tolerton shares a long-time friendship with John Boyle, ETW's principal. For 10 years, the two have served together on the ACCC Board of Directors.
Boyle will become Executive Vice President of Terry's Tire Town, bringing with him invaluable experience and market savvy. Boyle will also join the Terry's Tire Town Board of Directors.
Scott Williams, ETW's No. 2 executive for more than 20 years, will become a Regional Vice President.
The acquisition is effective December 1. Terry's Tire Town gains distribution centers in Happauge, NY, Lyndhurst, NJ, East Hartford, CT, West Deptford, NJ, and Middlesex, NJ. Terry's Tire Town will also expand the reach and scope of its associate dealer programs in multiple brands, including Bridgestone/Firestone TireStarz, MAST Alliance, Continental Gold, Kumho FUEL and Yokohama Advantage.
The recent growth of Terry's Tire Town is the result of a strategic plan and partnership between Will Tolerton and Talisman Capital Partners in November 2010. In February 2011, Terry's Tire Town acquired tire wholesaler Summit Tire of New England with warehouses in Brockton, MA; Nashua, NH and Westbrook, ME.
Contact: Devon Miller
[email protected] 800-253-2921
SOURCE Terry's Tire Town Holdings Inc.
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