Tire Discounters Inc. has acquired Skip Cottrell's Tire, which is based in West Somerset, Ky. The purchase gives Tire Discounters 16 stores in the greater Lexington, Ky., market.
Terms of the deal have not been disclosed.
Cincinnati, Ohio-based Tire Discounters has more than 190 locations throughout Ohio, Kentucky, Indiana, Tennessee, Georgia, Alabama and Virginia.
Skip Cottrell, who founded his namesake dealership in 1991, is retiring from day-to-day operations, but will remain a consultant.
Tire Discounters will retain the company's current staff.
Jamie Ward, president and CEO of Tire Discounters, says the Cottrell family's commitment to its community "was a driving force behind the acquisition."
“I feel that Tire Discounters was a natural next step because of the company’s dedication to carrying on its customer-friendly tradition with the community and giving our employees the best opportunity possible going forward in this industry," adds Cottrell.
