Les Schwab Sold To California Hedge Fund Meritage Group

Oregon – Les Schwab Tire Centers is no longer a Northwest based company. The Oregonian reports the company has reached a deal to sell the business to a hedge fund in California. Les Schwab started the business in his hometown of Prineville in 1952, and grew it into one of Oregon’s largest businesses, with nearly 500 stores in 10 western states, and annual sales of $1.8 billion dollars.

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