TPG's ATD-TriCan buys wholesale distribution business of Kipling Tire
TriCan Tire Distributors Inc, the Canadian subsidiary of American Tire Distributors Inc (ATD), has purchased the wholesale distribution business of Kipling Tire Co Ltd, which is based in Etobicoke, Ontario. The financial details of the transaction were not disclosed. The Kipling Tire acquisition, which is Trican's third domestic deal since the middle of last year, will further strengthen its presence in southern Ontario, the Burlington, Ont.-based company said. Tire supplier ATD is a portfolio investment of U.S. private equity firm TPG Capital. TPG bought the Charlotte, North Carolina-based company in 2010 from Investcorp, Berkshire Partners and Greenbriar Equity.
21 January 2014•2 mins read
