TPG's ATD continues Canadian expansion with buy of Wholesale Tire Distributors
American Tire Distributors Inc (ATD) has acquired 100% of the shares of Wholesale Tire Distributors Inc, a Vaughan, Ontario-based company focused on tire supply and related services. The financial terms of the transaction were not published. This is the company's second acquisition in Canada this year. In May 2013, ATD also bought Regional Tire Distributors Inc of Burlington, Ontario for US$62.5 million. With its headquarters in Charlotte, North Carolina, ATD is a portfolio investment of U.S. private equity firm TPG Capital, which bought the company in 2010 from Investcorp, Berkshire Partners and Greenbriar Equity.
16 December 2013•2 mins read
