Founded in 1973, Durham Tire Inc., is a privately held independent full-service automotive repair and tire service center founded by Larry Powell and Freddy Hobbie, located at 2504 Hillsborough Rd. in Durham, NC.

“The collaboration between Durham Tire and Chapel Hill Tire for the acquisition was seamless, thanks to the outstanding efforts of the Murphy M&A Deal Team. Larry Powell, the President of Durham Tire, Inc., expressed his appreciation for their meticulous guidance throughout the acquisition process, working in perfect harmony with their attorney and accountant. The acquisition has opened up endless possibilities for the future of our team, and we are grateful for the outstanding outcome delivered.”

In response to the successful acquisition, Marc Pons, CEO of Chapel Hill Tire, expressed gratitude and optimism, stating: “We are honored to carry on the impressive legacy that Larry and Freddie have built with Durham Tire, and we look forward to leveraging our shared expertise to drive growth and continued success for our combined team. This acquisition represents a key milestone in a our strategic growth plan for the Triangle region, and we are thrilled to have had the support and guidance of the Murphy M&A Deal Team throughout this process.”

Founded in 1953, Chapel Hill Tire is an award-winning FULL-SERVICE auto repair shop with 11 locations in Chapel Hill, Durham, Carrboro, Apex, Raleigh and Cary.

“We are honored to have been a part of the successful acquisition between Chapel Hill Tire and Durham Tire. We would also like to express our gratitude to Marc Pons, Jaclyn Burns and the entire Chapel Hill Tire Team for their cooperation and dedication throughout the deal. We look forward to working with and seeing their continued growth and success in the Triangle market through strategic acquisitions.” – Tully Ryan, Managing Director and M&A Advisor, Murphy Business of the Carolinas, LLC.

About Us

Tailored for business owners of large main street and the lower middle market sized businesses (between $1 million and $25 million in revenue) with creative, value-maximizing solutions for exiting their businesses. To date, Murphy Business Services has handled engagements in excess of $3.1B across various industries in North America. With decades of M&A experience, Murphy Business’ deal team have assisted owners with achieving their personal objectives. Our Business Intermediary and M&A experts can help you figure out if you are ready to sell your business, create an exit or succession plan, and find the right buyer. We look forward to starting the conversation about the possibilities that your future holds.