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07

McCarthy Tire Service Pens Agreement to Purchase Ragan Tire Group

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McCarthy Tire Service Pens Agreement to Purchase Ragan Tire Group

Wilke Barre, Pennsylvania – Pennsylvania-based McCarthy Tire Service announces that it has signed an Asset Purchase Agreement to purchase Ragan Tire Group, LLC. The Concord, North Carolina-based company provides off-the-road (OTR) tires and tire service to heavy construction, quarrying, and mining customers in North Carolina, South Carolina, and Georgia.

“Ragan Tire Group is one of the premier off-the-road (OTR) service companies in the Southeast,” said John D. McCarthy, Jr., president of McCarthy Tire Service. “When we combine our companies, McCarthy Tire Service will be one of the largest OTR service providers on the East Coast.”

He continued, “We are very excited about this opportunity to provide unparalleled service to OTR customers.”

McCarthy Tire Service is a highly regarded provider of OTR tires and service. Ragan Tire Group’s operations in North Carolina will be merged into four of McCarthy Tire’s eight locations in the state. The acquisition will add three new locations in South Carolina and one new location in Georgia to McCarthy Tire’s footprint, expanding it to a total of 49 service facilities in nine states.

All of the service and operational employees of Ragan Tire Group, including Ty Smith, will join the McCarthy Tire team. Smith will oversee the combined OTR operations in the southeast.

“We are excited Ragan Tire Group is joining McCarthy Tire Service,” noted Smith. “Both of our companies’ core value is to service our customers to the best of our ability. We now can do this from New York State to Georgia."

The closing date for the deal is scheduled for mid July.

McCarthy Tire is a fourth generation, family owned and operated business based in Wilkes Barre, Pennsylvania. Founded in 1926, the company currently is the sixth largest commercial tire dealer in the United States with operations serving the commercial, industrial, off-the-road (OTR), and retail sectors of the transportation industry. With this acquisition, McCarthy Tire has 49 service centers and seven Bandag retread shops along the East Coast. It offers 24-hour commercial roadside assistance program for fleets and independent operators in Pennsylvania, New York, New Jersey, Maryland, Virginia, West Virginia, and North Carolina. McCarthy Tire provides quality customer service and cost effective products with its highly trained team of close to 1,000 associates and a fleet of approximately 600 service vehicles. For more information, visit www.McCarthyTire.com.

Contact: Colleen Carter, Director of Marketing
ccarter@mccarthytire.com
570-270-8210

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McCarthy Tire Service

340 Kidder Street
Wilkes Barre, PA 18702

1-800-724-3506
Fax: 570-825-9669

www.McCarthyTire.com