Green Bay, Wis.-based Pomp’s Tire Service Inc. has acquired St. Cloud, Minn.-based Royal Tire Inc., which expands its footprint in Minnesota and North Dakota.
Terms of the deal have not been disclosed.
The acquisition “is a very good fit for both companies,” says Paul Wochinske, president of Pomp’s Tire Service. “Both Royal and Pomp’s have very strong service cultures.
"On paper - internal financial reporting - we combined a few retail locations with the attached commercial center," he adds.
"We (now) have 17 points of sale and three retread shops" that were owned by Royal Tire. (Pomp’s Tire Service is one of the five largest commercial tire dealerships in the United States, according to MTD research, and was listed as the 10th largest independent tire dealership in the country in the 2023 MTD 100.)
Pomp's Tire Service has not closed any Royal Tire locations and continues "to operate all the facilities that Royal had. We will keep all of the locations open and they will be operated as Pomp's locations."
Approximately 220 employees have joined Pomp's Tire Service via the acquisition.
"The quality" of Royal Tire made it an attractive business to acquire, according to Wochinske.
"Royal Tire was a well-run organization with a great service culture. We are looking forward to leveraging the combined strengths of both companies to provide best-in-class service and products in the Minnesota and North Dakota markets."
Short-term plans for Royal Tire include continuing "to grow our tire and retread sales and service opportunities for our customers."
The deal is the latest in a line of strategic acquisitions made by Pomp’s Tire Service, which has grown to exceed 160 locations.
Last September, Pomp’s Tire Service acquired Tredroc Tire Services Inc., which was based in Elk Grove Village, Ill.
The transaction included 17 locations, four retread plants and two distribution centers.
Tredroc’s “go-to-market strategy is very similar to Pomp's,” Wochinske told MTD at the time. “And with (its) number of locations in Michigan, it was very appealing to us.”
The Tredroc acquisition also further strengthened Pomp’s Tire’s presence in the Chicago market. (Tredroc had a retread plant in the Chicago area, as well as two in Michigan and another near Cleveland, Ohio.)
Pomp Tire Service also acquired 23 GCR Tires & Service locations and five retread plants from Bridgestone Americas Inc. during the second half of 2022.
In June 2022, Pomp’s Tire acquired Whalen Tire, which added nine stores and two Bandag retread plants to its operations.
The acquisition marked Pomp’s farthest move west, with Whalen stores in Montana and Washington.
At the time, Wochinske said the Whalen Tire stores all serve a mix of retail and commercial customers.
In April 2022, Pomp's Tire Service acquired Dale's Tire & Retreading, which had two locations in South Dakota and one in Nebraska.
And slightly two years earlier, the dealership bought 19 GCR Tires & Service outlets from Bridgestone.
