M&A

EAS Tire reaches 26 sites with Colorado Springs buy

What's the deal? EAS Tire & AutoDealroom has a profile for this one. Try Dealroom → has acquired Elite Auto ServiceDealroom has a profile for this one. Try Dealroom → in Colorado Springs, lifting the Colorado repair chain to 26 locations. Terms were not disclosed.

What each side brings: EAS is an automotive repair and service provider in Colorado and a StraightawayDealroom has a profile for this one. Try Dealroom → brand. Elite Auto, run by owner Brian Ferriter, has served drivers across the Pikes Peak region, including the Fort Carson and Peterson AFB communities.

The rationale: Ferriter said he wanted a partner who would protect customer trust, look after his team, and keep serving Colorado Springs. "This shop has always been about doing right by people, and I wasn't going to hand it over to someone who didn't share that belief," he said.

What's the endgame? Bill VanHoose, brand president of EAS Tire & Auto, said Elite Auto is "exactly the type of company we look to partner with, one that is deeply rooted in its community." The deal extends EAS's presence across the state.

Read more: Aftermarket Matters

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