BOCA RATON, FL — An affiliate of Sun Capital Partners, a private investment firm specializing in leveraged buyouts and investments in market-leading companies, has acquired Big 10 Tire Stores, Inc.
Headquartered in Mobile, AL, Big 10 is one of the largest independent tire dealers in Southeastern U.S. with 101 locations throughout Alabama, Florida and Georgia. Big 10 sells multiple types and brands of tires and provides a range of automotive maintenance and supply services including tires, oil change, battery and brake repair.
Terms of the acquisition were not disclosed.
Don Kennemer, president and CEO of Big 10 Tire Stores, said, “This transaction is a great opportunity for the Big 10 brand as well as its employees and represents an important shift in the development and growth of Big 10 from the stewardship of the Wilson family, which started Big 10 in 1954, to further penetration of its existing retail footprint in southeastern United States. We are confident that the financial resources and deep retail experience of Sun Capital and its affiliates will support the management team in strengthening Big 10’s value proposition and reputation for superlative service.”
M. Steven Liff, managing director, Sun Capital Partners, Inc., added, “Big 10 is the sixth largest independent tire dealer in the United States and continues to excel through its commitment to quality, service, and overall customer satisfaction. We look forward to working with Don Kennemer, Big 10’s management team, and our franchisees to position the chain for future growth.”