Tire distributor K&M Tire Inc. announced it has signed a definitive agreement to acquire the Midwest wholesale distribution locations of Turbo Wholesale Tires (formerly Tire Wholesalers Company Inc.), a tire supplier, wholesaler and distributor. The transaction is scheduled to close on Friday, May 16, 2025.
The acquired locations are Cadillac, Kalamazoo and Oak Park in Michigan, and Hammond, Indiana. K&M says this acquisition advances its vision to become the leading and most trusted provider of tires and services in all its geographic markets. Both K&M and Turbo have their roots as family-owned, customer service-focused businesses, with similar values and cultures. K&M will partner closely with Turbo as it maintains its focus on growing its proprietary Lexani, Lionhart and Rolling Big Power brands (RBP), while also continuing to operate its wholesale distribution location in Southern California, according to company officials in a press release.
Operations Will Continue Seamlessly During Transition
Cheryl Gossard, president of K&M Tire, said, “We’ve had a growing interest in expanding our distribution footprint within the Midwest market. We feel that the Midwest team at Turbo Wholesale Tires fits our company culture and values and will be a wonderful addition to our team. We look forward to welcoming the Midwest Turbo employees to the K&M Tire team and servicing the customers in this area, while making them the most important people in our business.”
“We are excited to be partnering with K&M Tire in this way. It is an important Turbo customer, and there are longstanding personal ties between our organizations. This deal made perfect sense for us and our people,” said Phillip Kane, Turbo CEO. “What’s more, our agreement provides Turbo with a significant, incremental growth opportunity for our proprietary Lexani, Lionhart and RBP brands that goes well beyond the value of today’s transaction. We couldn’t be happier.”
With this acquisition, K&M Tire continues to expand its network to over 40 distribution centers nationwide, reinforcing its position as one of the largest independent tire and service providers in the country, noted the press release.