REM & Associates LLC expects to acquire of Guam’s largest tire retailer Bisnes Mami Inc. on Jan. 14 for an undisclosed amount.
The deal will include inventory equipment and machinery of Pacific Tyre stores in Tamuning Dededo and Mangilao and the government-certified safety-inspection station at the larger Tamuning location which is across from Guam Premier Outlets and adjacent to a Shell station.
Robert A. Perron president of REM & Associates said Pacific Tyre will continue to be closely aligned with Bisnes Mami through its NAPA Auto Care Centers and tire brands. Bisnes Mami which does business as Mid-Pac Far East a heavy-equipment dealer; NAPA Auto Parts stores; and Pacific Drilling Inc. wholesales various brands of tires to Pacific Tyre. Those brands are Firestone Wusong Cooper Bridgestone Nanking Kelly Dunlop Mickey Thompson and Hankook. Bisnes Mami is the franchisee for NAPA Auto Parts which will continue to supply parts to Pacific Tyre. Bisnes Mami will continue to do business as Commercial Tire Center and The Tire Depot which wholesale and carry heavy-equipment tires.
“I like the arrangement because it gives us access to programs under NAPA ” Perron said. He said the core business of Pacific Tyre is selling tires but the stores also provide car maintenance and mechanical repairs. The business has 45 to 50 employees.
Medalbalmi K. Rao chairman and president of Bisnes Mami said “I’d rather not comment until the deal is closed.” He said he expects it to be signed on Jan. 14.
Rao and Perron did not disclose the amount paid by REM & Associates to Bisnes Mami for Pacific Tyre.
Perron said he has been looking for an investment since 2001 when he sold his service-station business. He operated Mobil stations in Agana East Agana and Sinajana for about nine years. They were sold to Mobil Oil Guam.
Perron who is vice president and general manager of Guahan Waste Control which does business as Mr. Rubbishman will stay put in that job. His brother Don Perron will be put in place to manage Pacific Tyre.
Perron’s partners in REM & Associates are Michael Burgess vice president for business development at Triple J Enterprises; and Eddy Reyes deputy director of the government of Guam’s Department of Mental Health and Substance Abuse. Reyes is Perron’s brother-in-law.
“ Mr. Rao and I have been talking for years about doing something together at some point ” Perron said. “It will be a closely aligned relationship which I wanted it to be. I have a lot of respect for his integrity and the way he does business.” Rao is also a principal of Guahan Waste.
The largest of the three Pacific Tyre locations is Tamuning with about 15 000 square feet. Mangilao is 8 000 square feet and Dededo is 5 000 square feet. Perron said Pacific Tyre most likely will add an auto paint shop at its Mangilao location.
Pacific Tyre was founded by Harold D. Friend in the late 1980s as a sole proprietorship while Friend simultaneously was heavily investing money in Guam real estate for the Baptist Foundation of Arizona (See “Friend or Foe”in th December 2001 issue of Guam Business.). Friend sold Pacific Tyre to Bisnes Mami in 1999. MBJ
