Matrix Capital Markets Group Inc., an independent investment bank, announced the closing of California-based Certified Tire & Service Centers Inc. to Monro Inc., a provider of automotive undercar repair and tire services.
The acquisition includes Certified Tire’s 40 retail stores and one distribution center.
Established in 1997, Certified Tire is a West Coast independent automotive service chain. Nearly all of the company’s 275 employees will transition with the business.
Headquartered in Rochester, New York, Monro is a chain of more than 1,200 company-operated stores, 98 franchised locations, eight wholesale locations and three retread facilities providing automotive undercar repair and tire sales and services. The company operates in 30 states in the Mid-Atlantic, New England and portions of the Great Lakes, Midwest and Southeast. Monro went public in 1991.
Matrix Capital Markets Group Inc. is an independent, advisory-focused, privately held investment bank headquartered in Richmond, Virginia, with offices in Baltimore, Chicago and Dallas. The company provides merger and acquisition and financial advisory services for downstream energy, convenience retail, industrial products, building products, consumer products and business services industries.