Terry's Tire Town has purchased Englewood Tire
Wholesale (ETW), a provider of more associate
dealer programs than any other tire distributor
in New Jersey, New York and Connecticut.
The acquisition further advances the expansion of
Terry’s into a “super regional leader” in
wholesale tire distribution, according to the
company.
With the addition of Englewood’s four East Coast
distribution centers, Terry’s now stocks more
than 800,000 tires in all sizes and brands housed
in 11 state-of-the-art warehouses across the
Eastern and Midwestern U.S.
The acquisition allows the company to provide
consistent wholesale distribution services in 12
states, including the administration of American
Car Care Centers (ACCC) and Eco Express
programs.
“More than just an ordinary business deal, this
is a marriage of like-mind cultures and
executives who know each other and share a common
commitment to customer service as a top
priority,” says Will Tolerton, Terry’s
CEO.
Established in 1946, ETW “grew and succeeded one
customer at a time over decades,” he points out,
describing a similar scenario with Terry’s
history.
“Englewood has outstanding executive leadership
and a premier sales team, and we are excited to
work with our new colleagues,” says
Tolerton.
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Tolerton shares a long-time friendship with John
Boyle, ETW’s principal; for 10 years the two have
served together on the ACCC board of
directors.
Boyle will become executive vice president of
Terry’s, “bringing with him invaluable experience
and market savvy.” Boyle will also join the
company’s board of directors. Scott Williams,
ETW’s second-in-command for more than 20 years,
will become a regional vice president.
The firm gains distribution centers in Happauge,
N.Y., Lyndhurst, N.J., East Hartford, Conn., West
Deptford, N.J., and Middlesex, N.J.
Terry’s will also expand the reach and scope of
its associate dealer programs in multiple brands,
including Bridgestone/Firestone TireStarz, MAST
Alliance, Continental Gold, Kumho FUEL and
Yokohama Advantage, according to Tolerton.
The recent growth of Terry’s is the result of a
strategic plan and partnership formed between
Tolerton and Talisman Capital Partners in
November of last year, he says. In February the
company acquired tire wholesaler Summit Tire of
New England with warehouses in Brockton, Mass.,
Nashua, N.H. and Westbrook, Maine.
For more information, visit www.tireteam.com.
