Meritage Group to acquire Les Schwab Tire Centers.

Meritage Group, a private equity firm, agreed to acquire Les Schwab Tire Centers, a tire retail firm. Financial terms were not disclosed. "As our family grows and ages, it has been very important to us to remain committed and aligned behind our grandfather’s vision. While it was hard to make the decision to sell the company, we are very confident Meritage Group will continue that commitment and alignment, and will build on all we have accomplished over the past 68 years,” Jack Cuniff, Les Schwab CEO.