On December 12, 2006, Dick Borgman became CEO of the company. That year the company ranked as the 318th largest private company according to "Forbes". As of 2007, the chain operates more than 410 stores in Alaska, California, Idaho, Montana, Nevada, Oregon, Utah, and Washington. The company does more than $1.6 billion in sales each year, and is the second largest independent tire retailer in the United States. Founder Les Schwab died in May 2007, with ownership remaining within the family, then chairman Phil Wick died in 2010. Les Schwab Tires entered the Denver metropolitan area with five stores in October 2012, the first in Colorado, bringing the total number of company owned stores to 374. In September 2020, CEO Jack Cuniff announced that the company would be sold to a San Francisco investment fund.