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Monro reaches deal to buy Mountain View Tire


Monro reaches deal to buy Mountain View Tire
Mountain View Tre and Auto Service shop in Eagle Rock, Calif.
ROCHESTER, N.Y. Monro Inc. is continuing its quest to grow in the West, striking a deal to buy Rancho Cucamonga, Calif.-based Mountain View Tire & Auto Service Inc., which includes 30 retail stores in the Los Angeles area.
The deal, which is expected to close during Monro s fiscal 2022 first quarter, will boost Monro s growing footprint to 76 stores in California and nearly 1,300 nationwide. Monro is considered the largest independent tire retailer in the U.S., according to
Tire Business calculations.
Financial terms are not being disclosed. Mountain View Tire represents $45 million in annualized sales, Monro said, in a 70/30 auto service/tires revenue mix. ....

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Self-driving truck company Kodiak Robotics honored at CES after reaching milestone on Texas roads


Self-driving truck company Kodiak Robotics is hitting automation milestones on Texas roadways and earning itself honors at the 2021 Consumer Electronics Show.
Kodiak based in Mountian View, Calif., but performing much of its operations out of North Texas is the first company in the self-driving trucking industry to be recognized as a CES Innovation Award Honoree, according to co-founder and CEO Don Burnette.
“Over the past year, the self-driving industry has begun to recognize what we have long known: that trucks will be the first autonomous vehicles on the road at scale,” Burnette, a veteran of Google’s self-driving car project, said in a statement. ....

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