Sold – American Tire Distributors Changing Hands for $1.3 Billion

23rd April 2010 | 0 Comments
 
Sold – American Tire Distributors Changing Hands for $1.3 Billion

North America’s largest independent tyre distributor has changed hands for approximately US$1.3 billion. In a deal announced on April 21, Equity firm Texas Pacific Group (TPG Capital) has purchased American Tire Distributors from Investcorp, Berkshire Partners and Greenbriar Equity Group, who acquired the distributor for $500 million in 2005. The transaction is expected to close in the second quarter of 2010. Pursuant to the acquisition, American Tire will suspend its planned public offering and listing on the New York Stock Exchange.

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