Mid-States Retreaders, Inc., a well-established commercial tire dealer and retreader serving a 100-mile radius around Kansas City, has been sold. This transaction marks an exciting new chapter for a business that has built a strong reputation in the commercial trucking industry and reflects the value of a well-run company with deep regional relationships.
The buyer, Sope Creek Capital, was already invested in the commercial trucking industry and recognized Mid-States Retreaders as a strong complementary addition to its portfolio. Their existing industry experience made them a natural fit to carry the business forward and build on the foundation Kevin Gasitneau and Rob Philip spent more than two decades creating.
Deal Highlights
A business with proven scale: Mid-States Retreaders grew from a small tire sales and retreader shop into an $8 million business serving commercial customers across the Kansas City region.
A strategic buyer with industry alignment: Sope Creek Capital’s existing investment in commercial trucking made Mid-States a highly complementary acquisition and a strong long-term fit.
A successful outcome built on value: The transaction delivered full asking price to the sellers, along with an upward adjustment of more than $100,000 in working capital.
About Mid-States Retreaders
Mid-States Retreaders, Inc. is a commercial tire dealer and retreader based in Smithville, Missouri. The company serves a broad territory extending roughly 100 miles around Kansas City and has built a strong name in the market through dependable service and industry expertise.
In 2004, friends Kevin Gasitneau and Rob Philip acquired the business and began building it into the company it is today. Over the next twenty-two years, they transformed Mid-States into a sizable operation generating approximately $8 million in annual sales while serving the ongoing needs of commercial trucking customers throughout the region.
How the Process Worked
This transaction is a strong example of what can happen when experienced sellers, a valuable business, and the right buyer come together.
Long-term growth created a strong opportunity. Kevin and Rob spent more than two decades building Mid-States into a respected company with meaningful scale, strong customer relationships, and a valuable position in the market.
Strategic fit drove buyer interest. Because Mid-States operates in a specialized and essential segment of the trucking industry, it attracted interest from buyers who understood both its value and its future potential.
The right match creates the best outcome. Sope Creek Capital saw Mid-States not simply as a business acquisition, but as a complementary investment that aligned with its broader industry focus.
Why This Outcome Matters to Sellers
The sale of Mid-States Retreaders offers several important takeaways for business owners considering a future exit:
Well-built companies attract serious buyers. Businesses with established operations, strong sales, and industry credibility continue to stand out in the market.
Strategic buyers pay attention to complementary opportunities. When a business fits naturally within a buyer’s existing industry focus, it can create strong alignment and an excellent outcome.
Preparation and persistence pay off. Owners who build real value over time put themselves in position to achieve successful exits when the right opportunity comes along.
Under new ownership, Mid-States Retreaders is well positioned to continue serving commercial customers throughout the Kansas City region with the same dependable tire and retreading services that built its reputation. Congratulations to Joe Lieberman and the entire support staff on this accomplishment and a well-executed close.
Ready to Find Out What Your Business Is Worth?
The buyer market remains active, and the first step toward a successful exit is understanding the value of what you have built. If you’re looking to sell your business, you can get a free, confidential business valuation from IAG today.
