Dealer Tire LLC, a replacement tire distributor based out of Cleveland serving OE and new-car dealerships, may soon be sold, multiple media reports say. The Dealer Tire network includes 36 distribution centers across the continental United States.
Bloomberg Markets was first to report that the tire distributor’s parent company, private equity firm Lindsay Goldberg, is considering the sale of the distributor. Dealer Tire is expected to rake in more than $2 billion should the firm decide to pursue a sale, according to Bloomberg.
The Bloomberg article cited anonymous sources with direct knowledge of the matter. A spokesman for Dealer Tire declined to comment on the Bloomberg report. A Lindsey Goldberg spokesman did not immediately return calls for comment.
Dealer Tire, run by brothers Dean and Scott Mueller, has been owned and operated by the Mueller family since 1918 according to its website.
Lyndsey Goldberg bought Dealer Tire from TA Associates in 2014, according to previous Tire Review reports. The distributor was sold to TA Associates in 2009 and was later acquired by Lyndsey Goldberg in 2014 when the firm bought TA Associates.
This story will be updated.