Dealer Tire, a distributor of replacement tires and parts for automotive OEMs and their dealers, has secured a significant financial investment from private equity firm Lindsay Goldberg that will be used to purchase the interests of TA Associates, the company’s current investment partner.
“We are very pleased to make this significant investment in Dealer Tire,” said Michael Dees, partner at Lindsay Goldberg. “Franchised auto dealers have become increasingly focused on customer retention within their service departments and replacement tires and light maintenance parts are a major defection point away from dealers. Dealer Tire provides dealers with the tools necessary to offer their customers better service in a profitable manner.”
Financial details of the investment were not disclosed. The arrangement between Dealer Tire and Lindsay Goldberg is anticipated to close in December 2014.