Colony Tire enters Charleston Market

Charleston Business Brokers acted as buy side advisor in Colony Tire & Service's acquisition of the Summerville location of Piedmont Tire. Terms of the deal were not disclosed. Colony has 42 retail and wholesale locations in North Carolina, South Carolina and Virginia with annual sales exceeding $500 million. Charlie Creighton, Colony founder and CEO, released a statement that he "was excited to enter the growing Charleston market and, with the continued assistance of Scott Hopper of Charleston Business Brokers, he plans on announcing the acquisition of more South Carolina locations in the near future."