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K&M Tire to Acquire Kansas-Based Becker Tire & Treading
K&M Tire, Inc. and Becker Tire & Treading, Inc., headquartered in Great Bend, KS announced that they have signed a Letter of Intent for K&M to acquire Becker Tire. The transaction is expected to close at the end of February 2017.
Ken Langhals, President and Founder of K&M said, “We are excited about the opportunity to add Becker Tire and its entire team of dedicated employees to the K&M Tire team. We have admired Becker Tire from afar over the years, beginning with Harold Becker and later his son Wayne and son-in-law, Larry Sisson. Their long history of family ownership is very similar to our own.”
K&M operates 20 distribution centers from Ohio to the Dakotas and down to Texas. Becker has its primary distribution center in Great Bend, KS along with a Bandag retread facility. The original retail store remains in Great Bend with another seven retail outlets located across the state of Kansas. K&M will retain the wholesale business, whereas the retail stores and retread shop will continue to serve customers while operating separately under different ownership.
“This is a very exciting time for Becker and we are thrilled to be able to continue serving our customers in Kansas and the surrounding states,” said Gary Albright, President and CEO of Becker Tire. “With the backing and strength of K&M, this will only enhance and accelerate the growth of the combined business in Kansas and the neighboring states.”
The Becker family view K&M as the right partners and this the right opportunity for Becker to continue its legacy in the tire business. They all agree the benefits of joining a strong industry player such as K&M is a tremendous opportunity for Becker and all of our employees, as the tire industry continues to consolidate and face larger and financially stronger competition.
Posted on January 24, 2017
2016 Dealer Conference
Thanks to our wonderful customers, our Dealer Conference was a huge success! With record attendance, large charity donations, and two cars raffled off; attendees had a great experience at this year’s event in Kansas City.
The 2016 K&M Tire Dealer Conference and trade show was held January 14th and 15th at the Overland Park Convention Center just outside of Kansas City. We covered the bases during the conference, offering eight seminars, a trade show and dozens of prizes, including two grand prize vehicle giveaways sponsored by Cooper Tire and Hankook Tire.
The events at this year’s trade show such as honoring the first annual Mr. Tire/ Big 3 Tire Top Shop recipient to a seminar on improving your bottom line; brought home our theme of ‘Community & Partnership.’ The essence of the theme comes to life within K&M’s own values to make a positive difference in our community, and to make the customer the most important person in our business.
We had 26 tire manufactures represented during the trade show and another 20 non-tire vendors, allowing attendees to see their products and find out about their programs. Non-tire vendors included representatives for automotive parts, batteries, computer software, consumer financing, and more.
Chris Moore of Lonnie’s Tire in Independence, MO, was the ecstatic winner of a 2016 Dodge Charger R/T courtesy of Cooper Tire. Lonnie’s Tire had 6 of the approximately 2,500 entries in the drawing. The 2016 BMW 3 Series was awarded to TMA Sioux Falls by Hankook Tire.
The inaugural winner of the Mr. Tire/Big 3 Tire Top Shop Award, sponsored by Hankook Tire and supported by O’Reilly Auto Parts was McMahon Tire Service in Ft. Wayne, IN.
The dealer convention also gave dealers the oportunity to network and share ideas with other shop owners from across the country. Hope to see you at the next K&M Tire Trade Show in 2017!
Posted on March 01, 2016
K&M Tire Acquires Midwest Tire & Muffler
K&M Tire has acquired Midwest Tire & Muffler Inc. located in the Dakotas. Midwest Tire & Muffler operated three distribution centers in Sioux Falls and Rapid City, SD; and Bismarck, ND.
K&M plans to consolidate the Bismarck warehouse into its existing distribution center there. With the addition of the two South Dakota locations, K&M Tire now operates 20 warehouses.
The acquisition, effective October 5th includes Midwest Tire & Muffler’s tire inventory, delivery trucks, and the opportunity to serve their customers. K&M Tire also welcomed all Midwest Tire & Muffler employees to the K&M Tire team.
In an open letter to customers, former Midwest Tire co-owners Dwayne Rydell and Larry Haley said “With an opportunity from an amazing company who values their customers and employees as we do, [we] have entered into a purchase agreement to sell Midwest Tire & Muffler, Inc. to K&M Tire. Going forward, all of the sales and warehouse staff with Midwest Tire & Muffler, including [Dwayne] will become employees of K&M Tire. Therefore, you will continue to be served by a lot of the same people you have done business with over the years. The ownership will be different but the product offering, programs available to you, and the service will only get better.”
Midwest Tire & Muffler carried 15 tire brands and distributed various equipment.
“This acquisition will allow us to grow our customer base in North and South Dakota and to better serve some of our current customers in these areas," said Cheryl Gossard, K&M Tire Vice President. "We're very excited about this opportunity. Customer service is our number one priority and we're looking forward to serving our new customers in these areas with our expansive product offering and dependable deliveries."
A family-owned company, K&M Tire was founded in 1970 by Ken Langhals as a two-bay gas station.
Posted on October 05, 2015
K&M Tire Acquires Kelle Oil's Wholesale Tire Division
DELPHOS, Ohio (July 10, 2015) – Delphos, OH-based K&M Tire has purchased the assets of Kelle Oil Company’s Wholesale Tire Division located Braman, OK.
The purchase, effective July 10th includes tire inventory and a customer list of their wholesale tire customers. Kelle Oil distributed approximately 10 different brands of tires in the farm, commercial, and passenger and light truck tire categories. Kelle Oil will continue to operate under the Kelle Oil name and focus solely on their retail/commercial tire store and oil distribution.
“We are very excited about this opportunity with Kelle Oil to expand and add to our customer base in Kansas and Oklahoma.” said Cheryl Gossard, K&M Tire Vice President. “Customer service is our number one priority. We will focus on making sure we have the inventory in stock that they need, along with providing them with dependable deliveries.”
K&M plans to service its new customers from the company’s existing warehouses in the Oklahoma City and Wichita areas.
Founded in 1970, K&M Tire operates 18 distribution centers in 11 states throughout the Great Lakes, Midwest, Great Plains, and South Central regions, servicing customers in more than 20 states. The company distributes approximately 20 brands of passenger and light truck tires, 12 brands of truck tires, and 10 brands of farm tires. K&M Tire will continue to look for growth opportunities throughout the Midwest and Southwest regions of the United States.
Posted on July 13, 2015
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