The Mufflerman Inc., a portfolio company of Argyle Capital Partners, has acquired Superior Tire & Auto from Frank Bongiovanni, president, and Howard Minsker, CEO. Founded in 1942, Superior Tire is a franchisor of retail tire stores and car care centers in Ontario. It has 10 shops in the Greater Toronto area and Barrie.
Superior Tire’s president and employees will remain with the business and will continue to lead the Superior Tire franchisees and operations as a division of The Mufflerman. The Superior Tire name will continue with no change.
Founded in 1964, The Mufflerman operates 12 corporate-owned repair shops in Southwestern Ontario.
Financial terms of the transaction were not disclosed.