Affiliates of TPG Capital have acquired American Tire Distributors Holdings, Inc. The transaction, valued at approximately $1.3 billion, was first announced on April 21, 2010.
Charlotte-based American Tire Distributors, which distributes replacement tires to local, regional and national tire retailers, is the country’s largest independent tire distributor with 83 distribution centers serving 37 states.
“We are excited to move forward with TPG as our new partner. They recognize the value we have built and they share our vision for a successful future,” says William Berry, president and CEO, American Tire Distributors.
“We are pleased to partner with American Tire's proven management team and its dedicated employees,” adds Kevin Burns, a partner at TPG. “American Tire Distributors is a strong and exciting franchise, and we believe its growth will be fueled by its continuing outstanding service to its customers.”
