Big O Tires Sells Interest In Franchisee To MFA Petroleum Company
July 13, 2015 // Franchising.com // Palm Beach Gardens, FL - For 17 years, Big O Tires, LLC (“Big O”) and MFA Petroleum Company (“MFA”) have owned and operated multiple Big O Tires locations as a joint venture under the BORE/MPC LLC entity, a Big O franchisee. Recently, Big O and MFA committed to a mutually beneficial agreement under which MFA purchased Big O’s portion of BORE/MPC LLC; all 14 existing locations in Missouri and Arkansas will continue to operate as Big O Tires locations under the ownership of MFA.
The existing franchise agreements enable MFA to continue operating the locations as Big O Tires franchises. In addition to established locations, future locations will also operate under the Big O Tires brand. Expansion plans have been identified with two more locations in Missouri and Arkansas scheduled to open later this year, and additional opportunities are also under consideration.
“We are eager to continue our relationship with MFA Petroleum Company and we are confident that this strategic decision will be beneficial for the Big O Tires brand and for MFA,” said Kevin Kormondy, Executive Vice President and Chief Operating Officer of Big O Tires. “As we evaluate opportunities that are in-line with our mission to exceed expectations for our system, including our customers and franchisees, it will be relationships like this which we have enjoyed with MFA that afford us the opportunity to focus on our commitment to operational excellence and consistent execution. All of which will assist us as we continue to strengthen our 50+-year old brand that is known for being The Team You Trust in the communities that we serve.”
About Big O Tires
Big O Tires, LLC has 387 franchisee-owned and 2 company-owned stores primarily located in the Western and Midwestern United States. It also distributes tires and other automotive service products to Associate Dealers in Western Canada. It is a subsidiary of TBC Corporation. For more information, visit BigOTires.com.
SOURCE Big O Tires
(O) 561-383-3000, Ext. 2527
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances