McCarthy Tire Service Co. Inc. has acquired Classic Tire Service Inc., a single location dealership in Barclay, Md., from owners Milton and Dawn Karbaum. Terms have not been disclosed.
Classic Tire Service offers farm tire sales and service to customers in the largely agricultural region of Maryland’s eastern shore, say McCarthy Tire officials.
“All Classic Tire teammates will be staying on with McCarthy Tire, including Milton Karbaum, who will continue to manage the Barclay location.”
“Milton is an inspiration,” says John McCarthy Jr., president of McCarthy Tire Service. “He started his company from scratch and grew it into a successful business serving an important market. He takes great personal care of his agricultural customers.”
“We’ve been in the tire business for over 40 years and now we’re excited to turn the reins over to a company, that I believe, can help us to grow in our community and to provide even better serve to our customers” adds Milton Karbaum, president of Classic Tire Service.
“We thank our vendors for their great friendship and service and our loyal customers for trusting us with their farming needs. We look forward to providing our customers with the same quality of service and increased product availability, by teaming up with McCarthy Tire.”
The acquisition extends the McCarthy Tire footprint in a strategic location, say McCarthy Tire officials.
The purchase of Classic Tire Service is the latest in a string of McCarthy Tire acquisitions this year, including Piedmont Truck Tires Inc., which the Wilkes-Barre, Pa., dealership bought in February, and Philadelphia, Pa.-based LS Truck Tire Repair Inc., a deal that McCarthy finalized last month.