ATD CEO to Retire
Bill Berry, president and CEO of American Tire Distributors, has announced he will retire in coming months. A specific retirement date has not been set and Berry will remain in his current role until a successor has been named. Following his retirement from president of the company, Berry will transition to an advisory role for
ATD Purchases Albert Tire
American Tire Distributors has purchased Albert Tire, a northeast and mid-Atlantic wholesale tire distributor. ATD closed the deal on June 30. The acquisition excludes some assets in Albert Tire’s West Deptford, N.J.- headquarters, according to a press release. “The opportunity for ATD and Albert Tire to join forces is very positive for the future of
ATD Almost There, But Chinese Tiremakers Face New Problem
As Maxwell Smart would have said, “Missed it by that much.” Fourteen places. That’s how close American Tire Distributors was to making the Fortune 500 list. The tire distribution giant logged in at 514 on the annual list, not quite on the big board, but well ahead of the days when it couldn’t even hit
ATD Withdraws IPO
ATD withdrew its plans for an initial public offering on March 23, according to NASDAQ. The company originally filed in June 2014 for an IPO that was expected to raise $500 million or more. In February 2015, TPG sold about half of its 94% stake in ATD to Ares for $620 million. At the same
Nevada Business Joins Tire Pros
A Carson City, Nev.-based automotive service and tire dealership has joined Tire Pros, a subsidiary of American Tire Distributors. Owner Larry Krupp will rebrand his business to Carson City Tire Pros and Automotive. Krupp said that under the Tire Pros brand name, his business has “greater freedom and flexibility to offer more competitive pricing and
ATD Gets New Co-Owner, Raising $805 Million
On the same day it said it would raise some $800 million through a note offering, American Tire Distributors Inc. announced that it has a new equity owner. Ares Management L.P. is acquiring “a significant stake” in ATD, effectively becoming 50/50 co-owners with previous 100% owner TPG Capital L.P. Terms of the deal were not
ATD to Expand Mixing Center Facility in NC
American Tire Distributors is adding 420-000 square feet to its mixing center facility in Lincolnton, N.C. According to the Charlotte Business Journal, ATD will lease an existing 420,000-square-foot building, which will grow its operations in Lincolnton to more than one million square feet. The company already operates a distribution center in the park that totals
Tire Pros Close to National Advertising Campaign
Tire Pros, a subsidiary of American Tire Distributors, met at Disney World in Orlando earlier this week to announce its plan to support dealers through a national advertising campaign in 2015. The soft-franchise marketing group is currently talking with five college conferences to negotiate national-level, omni-channel sponsorships similar to Tire Pros’ sponsorship of the ACC
ATD Rebrands Canadian Operation, Purchases Integra
Starting in February, American Tire Distributor’s wholesale operations in Canada will consolidate into a new brand, National Tire Distributors (NTD). Currently, ATD operates nine different wholesale brands in Canada, all acquired through a series of acquisitions over the last three years. These are all being rebadged under the NTD name. “The NTD brand effectively takes
Police Investigating ATD Break In
Two suspects broke into an American Tire Distributors facility on Finger Mill Rd. in Lincolnton, N.C., stealing 48 tires, worth roughly $5,000. The theft occurred sometime in the late night and early morning between Dec. 28-29. Police said two men cut through a chain link fence and broke into several tractor-trailers on site. A small van,
94,890 Capitol Brand Tires Recalled
ITG Voma Corp., manufacturer of Capitol brand tires, is recalling certain Capitol Precision Trac II tires because they may experience tread separation. The 94,890 potentially affected tires are sizes 245/70R17, 235/70R16, 235/75R15, 245/70R16, 245/75R16, 255/70R16, and 265/75R16 and were produced between Dec. 2008 and May 2010. According to the NHTSA, ITG Voma will notify the
ATD Gives Away BMW
American Tire Distributors announced the winners of its Bridgestone “Days of Summer” promotion. Winning the grand prize, a 2014 BMW 4 Series Convertible, was Mike Youngblood of Youngblood Auto and Tire in Austin, Texas. “I appreciate the service and support provided by American Tire Distributors and their role in helping me grow my family business,”