Suzanne Roig has been a reporter with The ÅÝֱܽ²¥ since 2018 covering business and health in the region. When she's not working she enjoys taking her dog Pono out on hikes.
Les Schwab Tires, which got its start in Central Oregon, has acquired CMC Tire, a Utah, Nevada and Colorado company that specializes in commercial tires.
Schwab said in a prepared statement that CMC Tire, which employs about 200 people, will continue to operate as an independent businesses under its company name but be under Les Schwab ownership.
“CMC is a highly regarded and skilled in the commercial tire segment,†said Greg Waring, chief marketing officer at Les Schwab Tires. “We are always on the look out for good fits.
“CMC is customer-centric and customer focused and that’s important to our brand as well.â€
With more than 541 locations in Oregon, Washington, Idaho, Montana, California, Nevada, Utah, Colorado, Wyoming, Alaska, Minnesota, South Dakota and North Dakota, Schwab employs more than 8,000 people.
CMC Tire operates 70 service trucks that cover a 300 mile service area and 11 stores. It also operates a retread plan in Hurricane, Utah. It was founded in 2014 by Michael Morast and Tommy Serine, according to Les Schwab Tires’ statement.
“After 10 years of successful expansion, the time was right for new ownership,†Morast said in a prepared statement.
The sale closed May 31, Waring said.
This is the second acquisition for the Bend-based tire company. The first was the nine locations of Plains Tires in Wyoming, Waring said.
In 2020 Les Schwab Tire Centers was sold to Meritage Group, a San Francisco-based investment firm, ending 68-years of local family ownership. Les Schwab was founded in Prineville and was in its fifth generation at the time of the sale to the investment firm.
Suzanne Roig has been a reporter with The ÅÝֱܽ²¥ since 2018 covering business and health in the region. When she's not working she enjoys taking her dog Pono out on hikes.
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