Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2021, Monro has 1,288 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
Afterwards, a more aggressive expansion program was instituted when the company began to make a number of large acquisitions.
[3] In 1984, the company's founder, Charles J. August sold his controlling interest in Monro Muffler and Brake to a New York City-based investors group headed by Donald Glickman and Peter J.
Under the leadership of Robert G. Gross, who joined the company in 1998 as president and CEO and currently serves as executive chairman, Monro aggressively expanded outside of its traditional base in upstate New York.
In 2004, Monro purchased the 25 stores and 10 kiosks of Mr. Tire, a Baltimore, Maryland chain which trademarked "On the Rim and Out the Door" pricing.
In fiscal 2012, the company acquired eight local auto service and retail groups, including Tire Barn Warehouse, 31 stores in Indiana, Illinois and Tennessee, and Ken Towery's Tire & AutoCare, 27 stores in Kentucky and Indiana, two chains that Monro continues to manage under the local brand names.
In fiscal 2015, the company purchased the Car-X trade name and franchise rights to 146 locations in Illinois, Wisconsin, Iowa, Minnesota, and Texas.
In 2020, Ides Capital suggested that Monro's lack of diversity on its board and workforce was limiting the company's future growth.