Les Schwab on the block: Popular regional tire chain for sale

Members make this story possible

BoiseDev is Boise's only locally-owned commercial news source. Our journalism is made possible by members - who get early access to our stories & more.

Maybe it comes with free beef?

Bloomberg News reports Bend, OR-based Les Schwab Tire Centers is for sale. The price? At least $3 billion.

The tire and auto center with a reputation for friendly service owns more than 450 locations across the west, including nearly 20 stores in SW Idaho and Eastern Oregon.

Just last week, the company proposed to revamp a store on State St. in Boise with an updated, more modern look as it reinvests in stores around the area.

The company generates more than $1.8 billion in revenue each year. It last looked at a sale in 2006.

After the Bloomberg report, Les Schwab owners issued a statement.

“Our incredible Tire Centers, and the company and communities we have built together, make us proud,” the family wrote in the statement. “As hard as it is to make the decision to sell this company, we are confident it will offer tremendous opportunity to build on all we have accomplished together for our customers, communities and our employees. We are excited to see what the future will bring.”

In addition to the $3 billion for the chain, Schwab owns another $2 billion real estate under its stores. The chain remains privately owned by descendants of namesake Schwab, who died in 2007.

The company’s ubiquitous TV and radio advertising included a “Look for the sign, you’re in Les Schwab country” jingle for years, and its annual free beef with a tire purchase promotion.

Idaho Central Credit Union Business Banking

Plated, again: Albertsons brings back meal kits in local stores

Off again, on again. Boise-based Albertsons again brought its pre-packaged meal kits back to local stores. We spotted them...

Manufacturer leaves Spokane area for Nampa, adds 80 local jobs

CXT Inc. moved a manufacturing plant from Spokane Valley, WA to Nampa in recent weeks. CXT, which makes products...

To the dogs: Salon location to switch from people to pets

An empty salon location in Boise used to welcome people looking to get a new 'do. Soon, it will welcome dogs...

New data: Growth a top concern; Many newcomers from California, but they’re like existing residents

The annual Idaho Public Policy survey from the Boise State School of Public Service shows a stable attitude toward the state -...

Commercial and unique residential project headed for booming Star

A new development will break ground later this month in boom Star. Crews will start turning dirt on Amazon Falls on...

Related Stories