CHARLOTTE, N.C. — American Tire Distributors Holdings has announced the completion of its acquisition by affiliates of TPG Capital, a global private investment firm. The transaction, valued at approximately $1.3 billion, was first announced on April 21.
Charlotte, N.C.-based American Tire Distributors (ATD), which distributes replacement tires to local, regional and national tire retailers, is among the country’s largest independent tire distributors, 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,” said William Berry, president and CEO, American Tire Distributors.
“We are pleased to partner with American Tire’s proven management team and its dedicated employees,” said 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.”
TPG’s other significant investments have included Neiman Marcus, J.Crew, Burger King, PETCO, Ducati, Armstrong World Industries and Grohe.
