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In September 2020, CEO Jack Cuniff announced that the company would be sold to a San Francisco investment fund. The sale, to Meritage Group LP, was finalized in November 2020.
Did Les Schwab buy Plains Tire?
Les Schwab Tire Centers Inc. has docHubed an agreement to acquire Plains Tire Co., a nine-store, Wyoming-based chain, from Larry Nicholls.
What company bought Les Schwab tires?
Les Schwab Tire Centers Inc., the nations fifth-largest independent tire dealership founded by one of the industrys giants, has been sold to the Meritage Group LP, a California-based investment group.
Are Costco tires cheaper than Les Schwab?
Among local stores, Costco was the clear winner for price. For the four sets of tires we shopped the warehouse clubs prices were 20 percent lower than the average prices quoted by all stores, about seven percent lower than those at Discount Tire, and a staggering 40 percent lower than Les Schwabs.
How much was Les Schwab bought for?
The deal backs the roughly $3.3 billion acquisition of the company by an affiliate of Meritage Group. The equity contribution is $1.69 billion, ing to Moodys. Les Schwab is a tire retailer and service center operator in the Western U.S. with 495 locations in 10 states.
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The vast majority of Les Schwabs $1.6 billion in annual tire sales comes from private-brand tires, as opposed to name brands like Goodyear or Michelin, the company wrote in its brief to the ITC. Those brands are more likely to come from China, Mexico and other foreign plants, although they are also made in the U.S.
What does Meritage Group own?
Meritage Group LPs top holdings are Sherwin-Williams Co. (US:SHW) , General Electric Co. (US:GE) , Salesforce Inc (US:CRM) , Workday Inc - Class A (US:WDAY) , and Transdigm Group Incorporated (US:TDG) . Meritage Group LPs new positions include TransUnion (US:TRU) , Analog Devices Inc.
Related links
EEOC v. Les Schwab Tires Centers of Washington, et al.
by RS Martinez 2013 The objectives of this training are to: (1) convey Les Schwabs commitment to providing equal employment opportunities under laws against discrimination to all
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