More than half the worlds population sees AP journalism every day. envie um e-mail para Barbie and Ken Step Into the South China Sea, Frankenstein Chemicals Are Even Worse Than Forever Chemicals, A Pop-Up Concert Company Gives Bands a Place to Perform, and 70% of the Profit, The Air Jordan Drop So Hot It Blew Up an Alleged $85 Million Ponzi Scheme, How a Prison Gang Inspired by Hollywood Heists Stole $23 Million, Black Colleges Face Crunch as Supreme Court Ruling Drives Influx of Students, South Africa Women's World Cup Players Given More Money After Standoff Over Pay Disparity, Worlds Biggest Nuclear Power Plant Being Planned in Canada, Wind Farm Off New Jersey Coast Wins Bidens Approvalas Locals Balk, Hong Kongs Reopening Brings Scant Gains for Financial Hub, Londons ULEZ Expansion Hits Potential Roadblock From High Court Challenge, High Court to Hear CouncilsChallenge Over Planned London ULEZ Expansion, Why Crypto and Wall Street Are Longing For Spot Bitcoin ETFs, Valkyrie Is Latest ETF Issuer to Refile Bitcoin Fund Application With SEC, Coinbase Downgraded as Analyst Says Crypto Uncertainty Dims Outlook, President/CEO, American Tire Distributors Holdings Inc. About the company. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. Please help us protect Glassdoor by verifying that you're a It operates more than 130 distribution centers, including 24 . Nexen Tire opened its North American Technology Center and debuted the Roadian GTX. HUNTERSVILLE, N.C. - America Tire Distributors Inc. (ATD) announced that a fund managed by the private equity group of Ares Management L.P. has entered into an agreement to acquire a. , . The company also serves Canadian consumers under the retail banners Tireland/Ici Pneu, Tire Partners/Pneu Solutions, Pneus Chartrand Mcanique, Pneus Express Mcanique and Touchette Motorsport. American Tire Distributors serves customers in the North America. Investment Firm Acquires Stake In American Tire Distributors Groupe Touchette to Acquire American Tire Distributors National Tire Distributors Business and Bring Enhanced Service and More Choice to Canadian Consumers, https://www.prnewswire.com/news-releases/groupe-touchette-to-acquire-american-tire-distributors-national-tire-distributors-business-and-bring-enhanced-service-and-more-choice-to-canadian-consumers-301585978.html. "We are very proud of the Canadian businesswehavebuiltinNTD and are pleased to have reached an agreement withGroupeTouchettethat secures a tremendous future for it and the incredible associates, customers and partners who support it. ATD | American Tire Distributors | Wholesale Tire Distributor Terms of the deal were not announced and closing is subject to certain conditions. By signing up you agree to receive content from us. Can the New Wave of Restaurants Make NYC a Late-Night Dining Town Again? This new name proudly symbolizes the companys goal of being Canadas leading service provider in the tire distribution segment in all markets served, nationally, regionally and locally., NTD will be headquartered in Burlington, Ontario, with regional offices in Edmonton, Alberta; St. Laurent, Quebec; Dartmouth, Nova Scotia; and Burlington. A previously planned ATD public stock offering has been put on hold. Seeman will be responsible for managing and expanding the companys partnerships in North America. GroupeTouchetteInc.,oneofthelargestCanadian-ownedtiredistributors,wasfoundedmorethan40years ago by Andr Touchette. The Gentex Foundation has selected the first recipients of the Amanda Clark Scholarship. The Company, through its subsidiaries, supplies tires and wheels. Under the new ownership structure, Cosco has resigned his role as president and CEO of Integra, and his six retail locations will continue to operate as Integra-affiliated stores. Groupe Touchette to Acquire American Tire Distributors' National Tire Belle Tire has been providing the lowest tire prices and expert vehicle maintenance and repair for over 100 years. ATD is one of the largest independent suppliers of tires to the replacement tire market. Huntersville, N.C.-based American Tire is a wholesale distributor of tires, custom wheels and other automotive tools. It generated about $4.8 billion of revenue for the 12 months ended Oct. 3, Moodys said. In what was an almost simultaneous blow, Sears Holdings Corp.s auto centers agreed to install tires bought on Amazon.com. More consumers returned to the market with older trade-ins, which indicates that pent-up demand helped buoy sales, said Ivan Drury, Edmunds director of insights. Parts Warehouse in Little Rock hosted 225 guests at its 38th annual two-day golf tournament. Torqata Data & Analytics provided its data for the tire-related section in the newly released Auto Care Association 2024 Factbook. LedbyNicolas TouchetteandFrdric Bouthillier, the company headquartered in Montral specializes in value-added tire distribution services. MONTREALandHUNTERSVILLE,N.C., July 13, 2022 /PRNewswire/ - GroupeTouchetteInc.("GroupeTouchette") and American Tire Distributors ("ATD")todayannouncedthattheyhaveenteredintoadefinitiveagreement pursuant to which Groupe Touchette will acquire ATD's Canadian subsidiary, National Tire Distributors ("NTD"). Private-Equity Firms Pursue Buyout of American Tire Distributors Investors group buys ATD for $1.3 billion | Vehicle Service Pros real person. Understanding Intermediate Shafts: What are they and what do they do? Free2move Charge aims to deliver charging and energy management to EV customers anywhere and in any way. ATD has acquired 4 companies, including 1 in the last 5 years. The sale effectively ended ATDs previously announced plan to go public with a stock sale. American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. J.H. Groupe TouchetteDavid GiguereVice President, Marketing & Merchandising, Patrice LavoieVice President, Public Relations, Hill+Knowlton Strategies[emailprotected]514.567.7496, Jessica KesselVice President, Corporate Brand Affairs & Communications [emailprotected]704.516.1162, Aaron Palash / Jack Kelleher / Haley SalasJoele Frank, Wilkinson Brimmer Katcher 212.355.4449, Claude BretonLongview Communications & Public Affairs 514.220.1482. ATD Gets New Co-Owner, Raising $805 Million - Tire Review Magazine American Tire Distributors | LinkedIn . The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors Inc. American Tire Distributors, Inc. distributes motor vehicle parts. American Tire Distributors is one of the nation's largest independent suppliers of tires to the replacement tire market. The company appreciates the guidance TPG has offered for the past five years, and we look forward to the added experience and expertise of Ares as we continue to expand as the premier tire distributor in North America., We are pleased to be able to partner with TPG to continue to grow ATD, a market leader with a demonstrated track record and significant expansion opportunities ahead, said David Kaplan, co-founder, senior partner, and co-head of the Private Equity Group of Ares Management. The combined business will continue to be headquartered in Montreal and will maintain a national support center in Burlington, Ontario, as well as regional offices across Canada. Edmunds forecasts that more than 4 million new cars and trucks will be sold in the U.S. in Q2 2023. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Lamentamos American Tire Distributors Holdings Huntersville, North Carolina About American Tire Distributors Holdings In 1935, the J.H. During its ContiXperience, Continental invited the media to check out its ContiConnect Live platform and other key products. Groupe Touchette looks forward to bolstering its service offering through the integration of NTDs best-in- class workforce and rich industry knowledge. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. ATD is the largest independent tire wholesaler in North America, operating more than 140 distribution centers, including 25 distribution centers in Canada. Who we are as people is who we are as a company. American Tire Distributors Holdings | Company Overview & News - Forbes American Tire Distributors employs approximately 5,000 associates across its distribution center network, including approximately 600 associates in Canada. Copyright Babcox Media Inc. All rights reserved, - Valeo Launches Wiper Blade Designed to Reduce CO2 Emissions, - Dana Announces Recipients of 2022 Supplier Awards, - Consumers in Canada Sour on EVs, J.D. With NTD, Groupe Touchettes growth will also create new job opportunities across Canada. Goldman Sachs Group Inc. is leading talks for the roughly $1 billion deal, which is being discussed with a yield of about 8.5%, according to the people, who asked not to be identified discussing a private transaction. ATD is headquartered out of Huntersville, North Carolina and was founded in 1935. ATD, in its fiscal 2009 10-K filing, reported sales of $2.17 billion, up from 2008s $1.96 billion. Groupe Touchette's plan is to offer powerful solutions that drive efficiencies and streamline the supply chain for the benefit of customers, consumers and manufacturers. American Tire Distributors, Inc. 12200 Herbert Wayne Court, Suite 150, Huntersville, North Carolina 28078 United States, (704) 992-2000 www.atd-us.com . Jefferies Group is serving as financial advisor to Groupe Touchette and Dentons and Prvost Fortin DAoust are serving as its legal counsel. Huntersville's American Tire Distributors emerges from bankruptcy Vehicle service businesses using Epicor Service CRM can now offer customers a complimentary three-month SiriusXM trial. After five consecutive months of increasing discounts and vehicles sitting on dealer lots for longer periods of time, June shows that those trends are stalling a bit.. Dec 31, 2018 American Tire Distributors Inc. easily met its self-imposed deadline to emerge from bankruptcy by the end of 2018. Learn More. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. The Integra program aligns perfectly with our marketing goals.. ATD, as the company is also known, is North America's largest distributor of replacement tires, based on the value of wholesale sales and the number of warehouses, it has said in regulatory filings. In August 2014, the Wall Street Journal reported that ATD was being shopped to other private equity firms and could bring more than $3 billion. Just two months prior, TPG Capital had set plans for an IPO for ATD, but those plans were scrapped when the private equity firm began taking bids for the distribution giant. What Investors Are Discussing atSummer Parties, Top State Department Official Expected to Join Bidens 2024 Campaign, Pentagon Says Its On Guard for Leaks and Too Much Classifying, International School Worth Close to $1 Billion Turns CEO Into Multimillionaire, Billionaire Mike Ashley Adds 150 Million to London Property Bet. American Tire Distributors (ATD) is an American distributor and retailer of automotive parts and supplies, including tires and wheels. Ltd is a tire designer and manufacturer. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail The partnership said the acquisition is part of its growth strategy and adds a new province in its distribution network. , . Before the name change was set, ATD also announced its subsidiary TriCan acquired Integra Tire & Auto Centers, a retail group based in Edmonton. Groupe Touchette Logo (CNW Group/Groupe Touchette inc.), ATD Logo (CNW Group/Groupe Touchette inc.), NTD Logo (CNW Group/Groupe Touchette inc.). American Tire Distributors Holdings Inc. has acquired all of the issued and outstanding stock of Hercules Tire Holdings LLC, which owns all of the issued and outstanding stock of the Hercules Tire & Rubber Co., for approximately US$310 million. Anyline announced its partnership with the U.S. Tire Manufacturers Association to promote tire safety during National Tire Safety Week. NTDs addition will help us reach our goal to best serve Canadians!, Todays announcement is another important step forward for NTD, ATD and our industry as a whole, said Stuart Schuette, President and Chief Executive Officer of ATD. RECOMMENDED FOR YOU London-based company picks Cleveland for headquarters in the Americas Analysis: Private companies list doubles in size Welcome to the new CrainsCleveland.com By Tire Review Staff. A handful of private-equity firms are vying to buy American Tire Distributors Holdings Inc. in an auction that could fetch more than $3 billion, according to people familiar with the matter. Integra Tire & Auto Centers is an affiliated store program with more than 80 locations. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. enviando un correo electrnico a Heafner Company is founded with one tire store in Lincolnton, N.C.. Venezuela Cuts Ties With Shipping Mogul Who Was Once an Ally, Jared Bernstein on Understanding Bidenomics, Fed Minutes Reveal Divisions Over Decision to Pause in June, Lula Puts an Ally on Track to Lead the Central Bank Hes Fought, BOEs Dovish Talk May Have Worsened UK Inflation, Economists Say, Commercial Property Fears Create Opportunities, Blackstone Real Estate Co-Head Says, A Former FinanceExecs Working Greenwich Farm Hits the Market, Zuckerberg Under Fire in China After Report of Quest Sale Talks, Chinas BYD Joins Latin AmericaLithium Rush to Feed Electric-Car Switch, Metas Threads App Wont Launch in EU on Regulatory Concerns, US to Curb China Access to Cloud Services Like Amazon, WSJ Says, Will AI Take My Job? The deal is. We are proud to have partnered with management in the development of the strategy and believe TPG is the ideal new partner for the company to support it through the next stage of its development and growth, Tayeh says. American Tire Distributors operates 69 distribution centers. Onze American Tire Distributors Holdings, Inc. Company Profile As part of the agreement, the companies will enter into a commercial relationship under which ATD will supply the combined Canadian company with its proprietary Hercules and Ironman brand tires and make its advanced analytics software and productivity-enabling tools available to Groupe Touchettes network. NTD operations will include 25 distribution centers, 60 territory managers and 80 customer service representatives. With NTD, Groupe Touchette's growth will also create new job opportunities across Canada. MONTREAL and HUNTERSVILLE, N.C., July 13, 2022 /PRNewswire/ - Groupe Touchette Inc. (Groupe Touchette) and American Tire Distributors (ATD) today announced that they have entered into a definitive agreement pursuant to which Groupe Touchette will acquire ATDs Canadian subsidiary, National Tire Distributors (NTD). Belle Tire History American Tire Distributor . American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. Through its TireLink and DT Tire Banners, Groupe Touchette is servicing car manufacturers, car dealerships and independent tire retailers. Groupe Touchettes plan is to offer powerful solutions that drive efficiencies and streamline the supply chain for the benefit of customers, consumers and manufacturers. It operates more than 106 distribution centers, serving approximately . Drivers should follow these tips to ensure their tires are as safe as can be. The tire tips video series is hosted by veteran racer Tanner Foust. TBC has 46 distribution centers, making them the second largest distribution business behind American Tire Distributors. Independent Tire Dealers Group is comprised of over 1000 independent tire service locations in 45 states. American Tire Distributors is a market leader that has demonstrated its ability to perform well over an extended period of time, says Kevin Burns, a TPG partner. The company has locations across the United States and Canada. message, contactez-nous l'adresse What Investors Are Discussing atSummer Parties, Top State Department Official Expected to Join Bidens 2024 Campaign, Pentagon Says Its On Guard for Leaks and Too Much Classifying, International School Worth Close to $1 Billion Turns CEO Into Multimillionaire, Billionaire Mike Ashley Adds 150 Million to London Property Bet. TOTAL TIRE DISTRIBUTORS Summary. All Rights Reserved. para nos informar sobre o problema. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. North America's largest independent tire distributor has a new owner as equity company TPG Capital is acquiring American Tire Distributors (ATD) in a $1.3 billion deal. Distribution Stox expands into Ontario with Provincial Tire ", "This is an exciting development for the NTD team, our associates, business partners, customers and, ultimately, Canadian drivers," said George McClean, President of NTD. 28078 Tires & Wheels. Please enable Cookies and reload the page. Anyline collaborates with U.S. Tire Manufacturers Association to promote tire safety. NTD's addition will help us reach our goal to best serveCanadians! Tire Pros American Tire Distributors Inc - Company Profile and News American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. We are very proud of the Canadian business we have built in NTD and are pleased to have reached an agreement with Groupe Touchette that secures a tremendous future for it and the incredible associates, customers and partners who support it. - Kenda Adds Shaun Fitzgerald as Automotive Sales Manager, - Kumho Tire Shows European Market Presence at TCR World Tour, - Chapel Hill Tire Gives Oil Changes to Teachers, Michelin ONCall Records 2.5M Breakdown Events, Marangoni Nominated for Multiple Awards at Recircle Awards 2023, GT Radial Secures Podium Finish in Formula Drift, Bridgestone, Tight End University Partner on Youth Literacy, Mass. American Tire Distributors (ATD) has been sold to an array of investment firms headed by TPG Capital for $1.3 billion. Caso continue recebendo esta mensagem, At 48.6% it was the highest category of ownership with family owned shops trailing in second at 30.9%. American Tire Could Fetch More Than $3 Billion in a Leveraged Buyout. The goal is to educate drivers on the importance of everyday tire maintenance as a part of general road safety. American Tire Distributors Acquires Target Tire - aftermarketNews American Tire Distributors Completes Sale of National Tire Distributors Si continas viendo este mensaje, [2] The company acquired Winston Tire Company in 1997, and moved ATD's . JefferiesGroupisservingasfinancialadvisor toGroupeTouchetteandDentonsandPrvostFortin D'Aoust are serving as its legal counsel. Groupe Touchette is recognized for its expertise and superior level of service to manufacturers,cardealers andindependentcustomers. National Tire Safety Week brings heightened awareness to drivers with simple steps for proper tire care and maintenance that are essential to road safety.

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