The Goodyear Tire & Rubber Company has expanded its company-owned presence in the Midwest by purchasing Raben Tire Company.
The purchase is reported to advance Goodyear’s Connected Business Model.
Founded in 1952 and headquartered in Evansville, Indiana, Raben is one of the largest tyre and service companies in the Midwest and has vast operations that include over 30 commercial and consumer tyre and service locations and retread production plants.
“The addition of Raben further expands our network and strengthens Goodyear’s ability to serve fleets,” Goodyear North America Commercial Vice President, Dave Beasley. “Goodyear is already one of the world’s largest operators of commercial truck service and retreading centres and has nearly 800 company-owned commercial and retail tire and auto service centers across the US and Canada.”
Raben has a diverse portfolio of commercial and consumer products. With its full suite of mechanical and tyre services and a dedicated team of commercial vehicle technicians, Raben has serviced thousands of customers annually.
“We’re pleased to join the Goodyear family of industry-leading products and services and align with one of the most beloved and recognised brands in the world,” said Raben CEO, Scott Cisney. “Like Raben, Goodyear puts customers at the centre of everything. We look forward to increasing the availability of Goodyear products when and where customers want to buy as part of Goodyear’s aligned network of distributors and retailers.”
Raben has been owned by affiliates of Palladium Equity Partners, LLC (collectively, 'Palladium'), a middle market private equity firm with approximately $3 billion USD in assets under management, since 2014.