The company is headquartered in Palm Beach Gardens, Florida.

January 3, 2018, Michelin North America and Sumitomo Corporation of America announced a definitive agreement to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture.

[1][2] On April 5, 2018, the joint venture officially closed, bringing together Michelin North America's Tire Centers[3][non-primary source needed][4] and Sumitomo Corporation of Americas' (TBC Corporation) Carroll Tire, owned by TBC Corporation.

The combined wholesale unit operates under NTW.

NTW is a wholly owned subsidiary of TBC Corporation through a multi-channel strategy owned by Michelin North America and Sumitomo Corporation of America.