Generational Equity Advises Mock Tire at South Park in its Sale to Parrish Tire & Automotive
Summary
From Mr. Parrish’s first store, the company has grown into a network of locations designed to meet the needs of everyday consumers through its Parrish Tire and Automotive division, as well as commercial fleets, owner-operators, farmers, and construction equipment users, through its Commercial Tire and Service division, which also provides Bandag retreading, wheel refurbishment, foam fill, and 24/7 roadside service. In addition, the company’s wholesale division operates distribution centers in North Carolina, South Carolina, Virginia, and Georgia, providing daily delivery of passenger, truck, farm, industrial and specialty tires to a wide variety of tire dealers and automotive service centers in twelve states. The company’s e-commerce division gives consumers outside of this footprint direct access to an expansive selection of both major brand and privately branded tires, while the recently launched mobile division provides a convenient delivery and installation option designed to meet the shifting demands of the modern consumer. Senior Managing Director Terry Stidham established the initial relationship with Mock Tire. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.