{"id":3547,"date":"2025-08-01T11:11:45","date_gmt":"2025-08-01T15:11:45","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3547"},"modified":"2026-07-21T16:37:34","modified_gmt":"2026-07-21T20:37:34","slug":"colony-tire-corporation","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/colony-tire-corporation\/","title":{"rendered":"Colony Tire Corporation"},"content":{"rendered":"\r\n\r\n\r\n

Colony Tire Corporation<\/h2>\r\n
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Regional Tire Dealer Maintains Community-Focused Legacy, Becomes 100% Employee-Owned<\/h3>\r\n<\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header>\r\n

Overview<\/strong><\/h4>\r\n
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Across more than 40 years, Colony Tire Corporation (Colony Tire) has grown from a single service station in North Carolina to a leading provider of tires and automotive services throughout the South Atlantic region, operating 43 locations in the Carolinas, Virginia and Tennessee. The company offers a wide range of services, from tire sales and state inspections to wheel alignments and general maintenance assistance, for retail and commercial customers. Colony Tire\u2019s leadership credits company growth and success to its legacy of family-business values and its skilled workforce that is dedicated to customer satisfaction.<\/p>\r\n

Situation<\/strong><\/h4>\r\n

Colony Tire\u2019s owners sought a business succession strategy that would reward employees with the benefits of future growth, maintain the company\u2019s community-oriented culture, allow for an ownership exit strategy and create a liquidity event for key stakeholders. A comprehensive evaluation of various transition strategies revealed that a 100% employee stock ownership plan (ESOP) naturally fit the succession and legacy goals of the company.<\/p>\r\n

Solution<\/strong><\/h4>\r\n

Colony Tire engaged\u00a0SES ESOP Strategies<\/a>\u00a0(SES) along with its affiliated law firm,\u00a0Stevens & Lee<\/a>, to structure the new ESOP plan. SES conducted financial due diligence, modelled the ESOP plan structure and transaction, executed a capital debt raise to assist with financing and negotiated with lenders. Attorneys from Stevens & Lee helped to prepare the ESOP transaction, related documents and establish a Stock Appreciation Rights Plan that would reward future company management and employees.<\/p>\r\n

\u201cAs our business evolves, we wanted to ensure that the dedication of our workforce is rewarded and our community-focused legacy is furthered,\u201d said Scott Creighton, President of Colony Tire. \u201cSES and Stevens & Lee delivered the high caliber client service we value, guiding the financing and technical details of the transaction and positioning our employees to benefit from the future success of the company.\u201d<\/p>\r\n

For more information on this transaction, please contact\u00a0Ed Renenger<\/a>, President and CEO, at 610.478.2238,\u00a0Mark Russell<\/a>, Head of Finance, at 817.566.1013,\u00a0Ethan Stambler<\/a>, Sr. Vice President, at 919.200.0912 or\u00a0Vince Capone<\/a>, Sr. Vice President, at 215.508.7716.<\/p>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n","protected":false},"featured_media":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[],"tags":[],"class_list":["post-3547","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nColony Tire Corporation - SES ESOP Strategies<\/title>\n<meta name=\"description\" content=\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens & Lee, to structure the new ESOP plan and guide the Company through the transaction process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stevenslee.com\/sesesop\/transaction\/colony-tire-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colony Tire Corporation - SES ESOP Strategies\" \/>\n<meta property=\"og:description\" content=\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens & Lee, to structure the new ESOP plan and guide the Company through the transaction process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stevenslee.com\/sesesop\/transaction\/colony-tire-corporation\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-21T20:37:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/colony-tire-corporation\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/colony-tire-corporation\\\/\",\"name\":\"Colony Tire Corporation - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2025-08-01T15:11:45+00:00\",\"dateModified\":\"2026-07-21T20:37:34+00:00\",\"description\":\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens & Lee, to structure the new ESOP plan and guide the Company through the transaction process.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/colony-tire-corporation\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/colony-tire-corporation\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/colony-tire-corporation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Colony Tire Corporation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\",\"name\":\"Griffin Financial Group\",\"description\":\"TAILORED ESOP SOLUTIONS. 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