Tire Group International said it has partnered with Transportation Resource Partners and the McLarty Companies.
TRP is a private equity fund that makes leveraged investments in growth-oriented companies operating in the transportation and transportation services industries.
McLarty Companies is a transportation firm with automotive retail and distribution operations throughout the world.
"TGI is very excited about our future; our goal has always been to be the best at what we do. We have partnered with companies that share the very same ideals as part of their core and also share the vision for the growth of TGI,” said TGI CEO Tony Gonzalez. “It’s close association with the Penske organization and McLarty bring a vast amount of resources to our business. Their expertise in distribution and building businesses both in the U.S. and Latin America will help TGI take the next step in its rapid growth.”
Dave Mitchell, TRP managing director, said, “We are pleased to be partnering with TGI to continue to execute the company’s growth strategy. Tony and his team have done a great job establishing TGI as the clear leader in distributing tires to Latin America. We are enthusiastic about providing capital, resources, and expertise to support the company’s continued success.”
“The McLarty Companies couldn’t be more pleased to be partnering with TGI and TRP,” said Franklin McLarty, senior vice president of McLarty Companies. “Given our family’s longstanding commitment to Latin America we believe that we’re well positioned to work collaboratively with our partners to support TGI’s growth in the region.”
