Monro Muffler and Brake
 |
|
| Public | |
| Traded as |
NASDAQ: MNRO S&P 600 Component |
| Industry | Automobile care |
| Founded | 1957 |
| Founder | Charles J. August |
| Headquarters | Rochester, New York |
|
Area served
|
Eastern and Midwestern United States |
|
Key people
|
John Van Heel, CEO |
| Services | Brakes, mufflers and exhaust systems, steering, drive train, suspension, and wheel alignment |
| Revenue |
 US$894 million (2015)
|
|
US$109 million (2015)
|
|
|
US$61 million (2015)
|
|
| Total assets |
US$907 million (2015)
|
| Total equity |
US$473 million (2015)
|
|
Number of employees
|
6,157 (2015)
|
| Website | www |
Monro Muffler Brake is an automotive service company focusing on scheduled maintenance, undercar repairs, and retail tire sales. Monro Muffler is named for Monroe County, New York, without the "e."
The company was founded by Charles J. August in 1957, originally as a franchise of another company, Midas Muffler.
In the mid-1960s, "Chuck" August decided that his muffler shops should offer an expanded list of services. This was not in line with the other organization's wishes. In 1966, he discontinued his affiliation with Midas Muffler. August launched a new muffler service company under the name Monro Muffler with his brother, Burton S. August, and Sheldon Lane. August named the new company after Monroe County, New York, but without the "e" at the end of the name. August added brake services several years later and renamed the company, Monro Muffler Brake, Inc.
Monro began a deliberate course of prudent expansion, arriving at 20 stores by 1977. They had a warehouse on West Henrietta Road. By the end of 1979, they had about 43 stores in New York. From this warehouse, drivers would load the trucks and deliver to all the 43 stores throughout New York. Afterwards, a more aggressive expansion program was instituted when the company began to make a number of large acquisitions. By the mid-1980s, there were 59 stores which generated $21 million in sales annually. Most of those locations were located in upstate New York.
In 1984, the company's founder, Charles J. August sold his controlling interest in Monro Muffler and Brake to a New York City-based investors group headed by Donald Glickman and Peter J. Solomon. August remained on the company's board of directors until 2002.
...
Wikipedia