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Mar 26, 2022
Monro Q4 2022 Earnings Report
ATD to acquire Monro's Tires Now distribution assets.
Key Takeaways
American Tire Distributors (ATD) will acquire Monro's wholesale tire distribution assets, known as Tires Now, for $105 million in cash. The transaction is expected to close by the end of the second quarter of calendar 2022.
ATD to acquire Monro's Tires Now distribution assets for $105 million.
Tires Now operates seven facilities across the Southeastern United States.
The transaction will strengthen ATD’s strategic support of the tire business at Monro’s more than 1,300 retail stores.
The deal is expected to close by the end of Q2 2022.