Myers Industries sells Myers Tire Supply unit for $30 million
Myers Industries agreed on August 31, 2026 to sell all membership interests in Myers Tire Supply, its North American tire supply distribution business, to TAPS Holdings, LLC, for $30 million, subject to customary post-closing adjustments. The company says the sale advances its transformation toward engineered resin and composite products and strengthens its balance sheet, though the filing gives no financial results for the business.
Key points
- Consideration is $30 million, subject to post-closing adjustments for cash, indebtedness, net working capital and transaction expenses.
- The buyer is TAPS Holdings, LLC; the press release identifies it as Lion Equity Partners, a Denver-based private equity firm.
- Myers has agreed to non-competition and non-solicitation restrictions for 36 months after closing, with carve-outs for certain subsidiaries and Patch Rubber Company.
- The buyer obtained a buyer-side representation and warranty insurance policy at its own expense.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.