Information on the target
Lion Equity Partners has successfully acquired the North America business of Myers Tire Supply (MTS), a prominent distributor of tools, equipment, and consumable supplies utilized by tire shops for mounting, repairing, and balancing wheels. The acquisition, valued at $30 million, marks the culmination of a strategic review initiated by Myers Industries in July 2025, effectively divesting a business that has been operational under the same corporate umbrella since 1933. MTS offers an extensive portfolio of approximately 30,000 products across eleven categories, catering to the needs of tire service shops.
The core offerings of MTS include essential consumables such as valve stems, valve hardware, tire patches, plugs, wheel weights, and various shop supplies. These are complemented by capital equipment that tire shops invest in periodically, including tire changers, wheel balancers, and air tools. Additionally, MTS provides tire pressure monitoring systems, replacement sensors, and the necessary programming tools for vehicle-specific sensor matching. The company also stocks retreading materials for fleets that prefer retreading truck tires over replacements and offers training and certification programs in tire repair, mounting, inflation, and sensor diagnostics. Headquartered in Akron, Ohio, MTS employs 233 individuals, with around 77 based at its headquarters and the remainder distributed across four distribution centers.
Industry overview in the target’s specific country
The Tires & Rubber Products Wholesale industry in North America is characterized by a stable demand driven primarily by the existing vehicle population rather than new vehicle sales. The global tire service equipment market is currently valued at approximately $9.4 billion and is projected to grow to $13.0 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.7 percent, according to Report Prime. North America represents about 30 to 35 percent of this market, underscoring its significance within the broader industry landscape.
Several trends are positively influencing the market dynamics for MTS. The adoption of tire pressure monitoring systems as standard equipment in U.S. light vehicles has created a consistent demand for replacement sensors and the associated programming tools. Furthermore, the increasing prevalence of larger wheels, lower-profile tires, and more intricate tire assemblies has heightened the complexity of mounting and balancing tasks, prompting shops to invest in modern equipment to enhance their operational efficiency.
The distribution segment of the Tires & Rubber Products Wholesale industry remains fragmented, with large equipment manufacturers engaging in both direct sales and partnerships with independent distributors. Many regional distributors tend to focus primarily on consumables, lacking the comprehensive equipment lines, training programs, and technical support that a full-line supplier like MTS can offer. This fragmentation presents MTS with opportunities for consolidation and expansion of its product offerings, positioning it as a formidable player in the market.
With its four distribution centers, national coverage, and extensive product catalog, MTS is evolving from a non-core division of Myers Industries into a potential platform…