ATD Announces Winner of Giveaway
American Tire Distributors named the first three winners of its Coats Equipment Giveaway. Between July and December 2014, ATD customers are entered into a random drawing based on the purchase of Bada wheel weights from the distributor. Each month one ATD customer will win either a Hennessy Industries’ Coats X-Series Model 50XEX2 Handle Actuated Tire
Report: ATD Shopping for New Owner
A new report by the Wall Street Journal late yesterday says that American Tire Dealers is being shopped to other private equity firms and could bring “more than $3 billion.” Citing “people familiar with the matter,” the WSJ said that ATD has been “quietly running an auction for the company, with second-round bids due in
ATD Closes 1H With Loss
American Tire Distributors Holdings Inc. recorded a net loss of $83.5 million on net sales of more than $2.3 billion for its first half of 2014, ending July 5. In the same period last year, ATD posted a net loss of $22.1 million on net sales of $1.7 billion. In 2014, ATD, through its TriCan
Best-One Expands in NE Ohio
Best-One Tire & Service has purchased four Terry’s Tire Town commercial facilities and one Bandag retread plant, expanding its presence in Northeast Ohio. The new locations, purchased from American Tire Distributors Holdings Inc., will become Great Lakes Best-One Tire & Service locations. ATD acquired Terry’s and its assets in April. Dave Hartman, director of commercial
ATD Purchasing Four Businesses in Canada
American Tire Distributors Holdings Inc. filed two 8-K filings with the U.S. Securities and Exchange Commission on July 2 and July 3 detailing the purchase of four distribution operations in Canada through TriCan Tire Distributors Inc., an indirect wholly-owned subsidiary of American Tire Distributors Holdings Inc. According to the filings, the combined purchase price is
ATD Files for IPO of Up to $100 Million
ATD Corp., the parent company of American Tire Distributors, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on June 16 relating to a proposed initial public offering of its common stock. The numbers of shares to be offered by ATD and its shareholders, as well as other considerations such as the