The private equity firm building up a European tyre distribution group through its acquisition of firms such as Fintyre and Reiff has made a significant investment in North America. Bain Capital reports its acquisition of a majority shareholding in US-based aftermarket tyre and parts distributor Dealer Tire, LLC. The interests of Lindsay Goldberg LLC, Dealer Tire’s investment partner since December 2014, will be acquired by Bain Capital Private Equity. The transaction is expected to close by December.
Dealer Tire, LLC has announced that it is making “a significant investment” in SimpleTire, a Philadelphia-based online tyre retailer that has developed an e-commerce platform and network of independent tyre distributors. Terms of Dealer Tire’s investment were not disclosed. The news follows Dealer Tire’s decision to invest in Tyrata – a Duke University tyre sensor and data startup – in February 2018.
Dealer Tire, a US replacement tyres and parts distributor for automotive dealerships, has announced it is the leading investor in financing Duke University startup Tyrata, a tyre sensor and data management company.