Lion Equity Partners has acquired Myers Tire Supply for $30.0 million. The transaction, which closed earlier this week, transfers full ownership of the distribution business from its previous parent company to the private investment firm. The deal is structured as a complete buyout, with Lion Equity Partners assuming control of operations and assets.
Myers Tire Supply operates as Myers Industries Distribution, an international provider of tire supplies, equipment, and technical knowledge. The company stocks products from over 400 manufacturers and offers tailored solutions based on customer requirements. Its services include helping clients select appropriate products, managing shop supply inventory, and training staff on industry best practices. Customers can order through an online platform, a dedicated sales representative, or a customer service department.
For Lion Equity Partners, the acquisition adds a specialized distribution platform to its portfolio. The firm focuses on acquiring lower-middle-market companies with established niches, and Myers Tire Supply fits that profile given its long-standing role in the tire service sector. The purchase price of $30.0 million reflects the company’s recurring revenue base and its position as a supply channel for independent tire dealers and repair shops.
The strategic rationale centers on operational independence. As a standalone entity under Lion Equity Partners, Myers Tire Supply can pursue more focused inventory management and vendor relationships without competing priorities from a larger corporate structure. The new ownership is expected to maintain the existing sales channels and customer service model while evaluating cost efficiencies in logistics and procurement.
The combined entity will now operate with a leaner governance structure, allowing faster decision-making on product lines and market expansion. Lion Equity Partners typically holds assets for several years, seeking to improve margins before a future sale. For Myers Tire Supply’s customers, the near-term changes should be minimal, as the company’s order fulfillment and support teams remain in place under the new ownership.