Investment Group Buys Leading US Distributor
Global investment group, Investcorp, has decided to acquire American Tire Distributors Inc (ATD) from its majority shareholder, Charlesbank Capital Partners. According to the Tire Review report, no further details were released.
ATD is the largest independent tyre distributor in the US, with 70 distributions centres in 35 states. These service some 40,000 tyre dealer locations across the country.