American Tire Distributors Sold to Equity Group in $1.3 Billion Deal
The sale to TPG Capital will end ATD’s ownership by a consortium of Investcorp, Berkshire Partners and Greenbriar Equity Group, which bought ATD in 2005 for an estimated $500 million.
Commercial Truck Industry Opposes Legislation that Would Shift Authority to Set Fuel Economy Rules
The American Truck Dealers, a division of the National Automobile Dealers Association, and the Owner-Operator Independent Drivers Association are opposed to the Senate legislation because the EPA would be granted the authority to set fuel economy standards without considering the impact on the economy and other factors. Under current law, the DOT is required to take these considerations into account when issuing fuel economy rules.
Cummins Inc. Agrees to Pay $2.1 Million Penalty for Diesel Engine Clean Air Act Violations
The settlement requires Cummins to recall approximately 405 engines that were found to have reached the ultimate consumers without the correct exhaust after-treatment devices (ATDs) in order to install the correct ATDs.
American Tire Distributors Named to Inc. 5000 List of Fastest-Growing Private Companies in America
Huntersville, N.C.-based ATD, a leading distributor of tires to the national replacement tire market, ranked No. 13 on the list by revenues, and No. 25 on the list in terms of gross dollar growth. ATD posted revenues of nearly $2 billion in 2008, up 30.3 percent over the three-year period covered by Inc.’s analysis.
OBITUARY: AWDA Remembers Industry Leader Aaron Berkowitz
A pioneer and visionary in the auto industry, Aaron Berkowitz founded Eastern Tool Warehouse Corp. and the ATD Marketing Group. He was chairman of AWDA and was the industry’s “Man of the Year” in 1997. He received the AWDA “Lifetime Achievement Award” in 2007.
U.S. Truck Dealers to Tackle Economic Issues in Nation’s Capital
The ATD Convention & Exposition will be held April 18-20 at the Gaylord National Resort & Convention Center on the Potomac in Washington, D.C.
American Tire Distributors Announces Planned Retirement of CEO Dick Johnson
Bill Berry to succeed Johnson as CEO.
American Tire Distributors Acquires Am-Pac Tire
Prior to the acquisition, Am-Pac was a wholly owned subsidiary of Tokyo-based Itochu Corp.
American Tire Distributors Acquires Gray’s Wholesale Tire Distributors
CHARLOTTE, N.C. — American Tire Distributors Inc. (ATD) has acquired the assets of Remington Tire Distributors, dba Gray’s Wholesale Tire Distributors. Gray’s Wholesale Tire Distributors was founded by Harold Gray in 1975 in Fort Worth, Texas. Steve Gray, the founder’s son, joined the company in 1976. In the same year, Gray’s opened a second
Last Week at AAPEX: Berkowitz Honored for Lifetime Achievement
During AWDA’s general session Sunday evening, Aaron Berkowitz was presented with the Martin Fromm Lifetime Achievement Award. This very selective award recognizes individuals who, over the course of many years, have distinguished themselves through their commitment to, and high level of performance within, the motor vehicle aftermarket. Recipients of this award are considered to be “backbones” of the industry.