LWG and Monteverde Group Acquire Future Location in Texas
Announcement for Release on: June 9th, 2021 GREENWOOD VILLAGE, CO – Leeds West Groups (LWG), alongside The Monteverde Group in their joint venture (JV) partnership, is proud to announce that they have officially acquired the real estate of a future Big O Tires location in San Antonio, Texas on the 10000 block of Potranco Road. The future Big O Tires location is expected to open for business in 2022.
“Our future growth of infilling markets must be consistent with a healthy mixture of greenfield growth. I expect LWG to acquire more pad sites this year in key markets. I am incredibly excited that our partnership with the Monteverde Group in Texas was the first location to kick off this initiative.”
– Judd Kyle Shader, CEO
This acquisition will mark the partnership’s 9th Big O Tires location in the State of Texas. Additionally, this capital investment into LWG Real Estate Division will mark the 39th transaction within the last twenty-four months. This property was purchased from Potranco Acreage Investors, LTD. The purchase price and deal terms are not being disclosed at this time.
About Leeds West Groups
Leeds West Groups (LWG) was founded in 2009 by CEO Judd Shader and is headquartered in Greenwood Village, CO. LWG is capitalized by Family Office funds that acquires, owns, and manages national automotive repair franchise brands (Midas, Big O Tires, and SpeeDee Oil) across the continental United States including a national real estate portfolio and outside high growth investment opportunities. LWG Board of Directors is chaired by career finance and wall street executive Joshua Weinreich and currently employs 1000+ team members with 113 automotive retail locations, operating in 18 states across the continental United States.
For more information, visit www.LeedsWestGroups.com or contact LWG Senior Marketing Manager: Hanna Jerde at Hanna.Jerde@LeedsWest.com