Kingswood Capital Management announced that it has completed an investment in Turbo Wholesale Tires. Kingswood says it is partnering with Sarkis Sepetjian and the Sepetjian family, who are retaining significant ownership in the company and joining Kingswood on the board of directors. Veteran tire executives, Phillip Kane and Larry Jeffries have been appointed leadership roles
Private-equity-backed Sun Auto Tire & Service acquired 11 new automotive service brands last year and doubled in size. So, how did they do it? And what’s to credit for their growth? In this episode of What’s Treading with Tire Review, presented by AAPEX 2022, we’re joined by Tony Puckett, the company’s CEO, to discuss Sun Auto’s growth to
You may have heard of Sun Auto Tire & Service. The company, formerly known as GB Auto Service, started in 2017 and just last year, it had record growth, doubling in size after acquiring 11 new automotive service brands in 12 new states. Currently, the company, backed by private equity firm Leonard Green & Associates,
Private equity firms aren’t new to the tire industry, but there is one that is, and it has plans to rapidly grow its portfolio company, Big Brand Tire & Service in 2022. That company is San Francisco-based Percheron Capital, which entered into the tire and automotive space after the purchase of Big Brand Tire in
Following the money can tell you a great deal about what’s happening in the tire industry, and, in 2021, capital has been in the hands of private equity-backed companies and publicly held behemoths. So, what does that mean for tire dealers? In this episode of What’s Treading with Tire Review, we speak with industry analysts
In this episode of What’s Treading with Tire Review, we speak with industry analysts who say investor-led trends in the industry increase the value of independent tire dealerships like never before.
Effective immediately, GB Auto Service, Inc. will be rebranded as Sun Auto Tire & Service, Inc.
In this episode of What’s Treading with Tire Review, we dig into the process of how private equity firms work with shops and what they look for in an acquisition.
Private equity investors can be a positive force and helpful to the overall industry.