Yellow Cardinal Mergers & Acquisitions Announces the Sale of Grismer Tire & Auto Service

About the Transaction

Yellow Cardinal Mergers & Acquisitions is pleased to announce the majority recapitalization of Grismer Tire & Auto Service, a leading operator of tire and automotive service centers to CenterOak Partners LLC. 

Headquartered in Dayton, Ohio, Grismer operates 28 locations across the Dayton, Columbus, and Cincinnati metropolitan areas. Founded more than 90 years ago, the Company has built a strong regional brand based on high-quality service, trusted customer relationships, and competitive pricing. Grismer provides a full suite of mechanical repair and preventative maintenance services. 

"We are proud of what Grismer has accomplished as a second-generation, family-owned business over its more than 90-year history and believe CenterOak is the right partner to build on our legacy," said former majority owner John Marshall. 

"Grismer is a highly regarded operator with a long-standing reputation for quality service and a loyal customer base," said Eric Holter, Managing Director of CenterOak. "Grismer has built a strong regional brand, growing through new unit openings and addressing a broader range of customer needs. We see a compelling opportunity to accelerate the Compay's growth rate in exisiting and new markets."

Grismer Tire & Auto Service was advised by Yellow Cardinal Mergers & Acquisitions. "The Company owners relied on Yellow Cardinal to help identify the right buyer who was committed to our brand and culture, allowed for ownership/management reinvestment, and maximized the value for the business and real estate. They delivered throughout the entire process," said Jim McCormick.                          

About Grismer Tire & Auto Service

Based in Dayton, Ohio, Grismer Tire & Auto Service is a leading independent operator of tire and automotive service centers. The Company offers mechanical and electrical repair, preventive and scheduled maintenance, and tire replacement servcies across a broad range of vehicle types, including electric and hybrid vehicles. Gismer has built a strong reputation for high-quality service, trusted customer relationships, and competitive pricing over its more than 90-year operating history.  

About Yellow Cardinal Mergers & Acquisitions

Yellow Cardinal Mergers & Acquisitions was the exclusive financial advisor to Grismer Tire & Auto Service in connection with the sale of the Company. Yellow Cardinal assists buyers and sellers in navigating the complexities of M&A transactions. With over 150 years of combined experience, Yellow Cardinal has a wide range of capabilities and expertise including sell-side merger and acquisition, buy-side strategy and execution, and business succession services.

* The testimonials reflect the experience of a specific client and may not be representative of the experience of other clients. Outcomes described are not guaranteed and may vay based on individual circumstances and market conditions. No compensation was provided for these tesitmonials. Mergers & Acquisition transactions involve risks, and results depend on numerous factors. Past outcomes do not guarantee future success.