Founded in 1962, Big O Tires was originally a part of OK Tires. Big O Tires is the second largest franchiser of retail tire stores in North America. The company has more than 400 locations in 19 states.
The company was acquired by TBC Retail Group in 1996. TBC Retail Group was then acquired by Sumitomo Corporation of America in 2005. Sumitomo is one of the world’s largest producer of consumer goods, including tires.
Big O Tires was part of a landmark decision in a lawsuit against GoodYear Tires over their use of the word “BigFoot Tires.” GoodYear lost the decision and Big O Tires was originally awarded $19.6 million, although this amount was later reduced in an appeal decision.
Big O Tires had annual revenue in 2014 of $1.6 billion.