LWG Acquires Its first Big O Tires Locations in Iowa
Announcement for Release on: August 15th, 2022 DES MOINES, IOWA – Leeds West Groups (LWG), a Greenwood Village, Colo. based firm whose automotive group acquires, owns, and manages national automotive repair franchise brands, announced today it has acquired three Big O Tires locations in Altoona, Ankeny and Urbandale, Iowa. LWG is purchasing the locations from Willis Automotive based in Clive, Iowa. This will be LWG’s first Big O Tires locations in the state of Iowa. LWG is the largest owner of Big O Tires locations across the country.
“Acquisitions are always our number one strategy for growth and we are excited about entering a new market with these Big O Tires locations,” said Derek Wessels, COO and President of Automotive for LWG. “We look forward to continued growth across Iowa and this acquisition does just that.”
The acquired Big O Tires locations include:
- 670 36th Ave. SW in Altoona
- 2605 SE Delaware Ave. in Ankeny
- 3880 NW Urbandale Dr. in Urbandale
LWG owns and currently operates 13 Midas locations across Iowa and this acquisition will take the firm’s Iowa store count to 16. This will be the third state for the firm to have both the Midas and Big O brands within the same markets, other states include Colorado and Oklahoma.
About Leeds West Groups
Leeds West Groups (LWG), based in Greenwood Village, Colo., is a management platform that is capitalized by Family Office funds that acquires, owns, and manages National Automotive Repair Franchise brands including Midas, Big O Tires, and SpeeDee Oil across the continental U.S. Founded in 2009 by Board Member/Chief Executive Officer, Judd Shader, there are currently 1000+ team members with 120 automotive retail locations (38 Big O Tires, 82 Midas), operating in 18 states across the nation. The firm also manages a national real estate portfolio and outside high growth investment opportunities. For more information, visit: www.leedswestgroups.com