Four Corners Property Trust has acquired Tires Plus for $1,600,000. Tires Plus, established in 1991, is a prominent automotive industry enterprise known for its direct importation of leading tire brands such as BRIDGESTONE and FIRESTONE, pioneering their availability nationally. The company also provides a full range of professional preventative and corrective mechanical services, alongside tire and rim sales, focused on delivering quality products and comprehensive service at competitive prices.
This acquisition represents a strategic move for Four Corners Property Trust, integrating a well-established operational business within the automotive retail and service sector. The transaction enables Four Corners Property Trust to expand its portfolio with a stable, service-oriented company that has demonstrated consistent market presence over three decades. For Tires Plus, joining Four Corners Property Trust is expected to provide enhanced resources and a broader platform to pursue its mission and vision.
Tires Plus brings 32 years of experience and a strong commitment to both customer service and environmental responsibility, actively recycling used tires for various secondary applications. The company’s focus on high-quality products, professional mechanical services, and its pioneering role as a direct importer positions it as a valuable addition. Expected synergies include leveraging Tires Plus’s robust operational expertise and established supply chains, which align with long-term growth objectives for the combined entity.
Looking forward, the combined operations are positioned to capitalize on Tires Plus's strong brand recognition and service reputation to enhance market reach and operational efficiencies. This corporate acquisition aims to strengthen the integrated business, supporting continued growth and service excellence in the automotive industry.