Myers Industries Closes $30M Sale of Myers Tire Supply to Lion Equity Partners
MYE has more than doubled off its 52-week low of $15.54.
Summary
Myers Industries has sold its Myers Tire Supply North America distribution business to Lion Equity Partners for $30 million, completing a strategic divestiture that sharpens the company's focus on its core engineered products manufacturing.
Key Events · M&A and Partnerships · MYE
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Divestiture Completed
All membership interests of Myers Tire Supply, LLC and its subsidiaries were sold to TAPS Holdings, LLC (Lion Equity Partners) for $30 million in cash, subject to post-closing adjustments for cash, indebtedness, net working capital, and transaction expenses.
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Strategic Transformation
The sale advances Myers' 'Focused Transformation' into a manufacturer of engineered resin and composite products serving critical infrastructure, industrial, consumer, food and beverage, and vehicle end markets.
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Non-Compete and Transition
The agreement includes 36-month non-competition and non-solicitation restrictions, plus transition services, lease, and supply agreements to ensure operational continuity for the buyer.
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Business Scope
Founded in 1933, Myers Tire Supply distributes tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry, employing 233 people across North America.
Analysis · MYE · Industrial Applications And Services
The divestiture of its North American tire supply distribution business is now complete, with Myers Industries receiving $30 million in cash, subject to customary post-closing adjustments. This move advances the company's 'Focused Transformation' strategy, which aims to concentrate on engineered resin and composite products. By shedding a non-core distribution segment, the transaction strengthens the balance sheet and frees up capital for core growth platforms. The 36-month non-compete and transition services agreements point to a clean separation while ensuring operational continuity for the buyer.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 29.9% of the 1988 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MYE was trading at $32.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $15.54 to $37.45. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.