Les Schwab’s Board and Shareholders announced in a statement on September 29th, 2020 that they are selling their 468 stores, located across the western states of the USA, to investment firm, The Meritage Group.
A Transition Nine Months in the Making
The move was expected as, nine months prior, the had company expressed a desire to find a buyer, whilst also shedding light on the difficulties of the multi-generational firm having to compete with other companies based on their dealership size and position within the market. The company, counting 68 years of business and five generations of th...
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