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The Grismer Tire Company was founded by Charles Marshall during the Great Depression in 1932. Marshall was a salesman for Firestone and was interested in forming his own tire sales company. He persuaded a local banker from Indiana to loan him $13,000 in order to buy a small tire business in Dayton , Ohio from a man named Adam Grismer.
The combined company acquired additional tire brands: Savannah Tire, Trax Tires, Upton Tire, Epperly Tire, among others. [10] In June 2017, Express Oil Change & Tire Engineers, which had become the 10th-largest fast lube chain in the United States, [11] was acquired by San Francisco-based private equity firm Golden Gate Capital. [12]
In August 2023, Express announced that they would be laying off 150 workers in effort to achieve $150 million in annualized expense reductions by the end of 2025. [10] On October 24, 2023, Express warned that it may have to file for Chapter 11 bankruptcy protection as it has been hit hard from the COVID-19 pandemic, stating store sales have been declining for years and rising costs putting the ...
Tuffy Tire & Auto Service Centers is a chain of franchise and company-owned automotive service centers headquartered in Toledo, Ohio. As of March 2018 there were 175 locations in 20 states in the eastern United States.The company is owned by the Tuffy Associates Corporation until 2021 when Mavis Tire, Inc. purchased the franchise. [ 1 ]
Speedway and MPC closed on the acquisition of Express Mart in November 2018, after being required by the FTC to divest of five stores. [30] In 2019, they purchased 33 NOCO Express locations in Western New York. [31] On October 31, Marathon Petroleum has announced the plans of spinning off Speedway into an independent company. [32]
National Tire and Battery (NTB) is an American brand of auto service centers. It was formerly owned by Sears until it was spun-off in 2003. In 2020, Mavis Tire Supply Co. bought 112 NTB Tire & Service Centers, leaving the parent TBC Corporation with 615 locations under the Tire Kingdom and NTB brands.
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