For its fiscal 2014 third quarter, ATD posted sales of $1.32 billion, up 34.1% year-over-year. It offers tires of Bridgestone, Yokohoma, Michelin, Continental, Goodride tire, Firestone, and other brands. Stuart S Schuette is President/CEO at American Tire Distributors Holdings Inc. See Stuart S Schuette's compensation, career history, education, & memberships. Groupe Touchette is recognized for its expertise and superior level of service to manufacturers,cardealers andindependentcustomers. and who currently owns them. 12200 Herbert Wayne Court, Suite 150, (704) 992-2000 A total of 2 acquisitions came from private equity firms. American Tire Distributors Inc. American Tire Distributors, Inc. distributes motor vehicle parts. Can the New Wave of Restaurants Make NYC a Late-Night Dining Town Again? It operates more than 130 distribution centers, including 26 distribution centers in Canada, serving approximately 80,000 customers across the U.S. and Canada. American Tire Distributors is a market leader that has demonstrated its ability to perform well over an extended period of time, says Kevin Burns, a TPG partner. Bloomberg In a decade of disruption and bankruptcy in the U.S. auto industry, American Tire Distributors Inc. seemed to be a relative picture of calm. Independent Tire Dealers Group is comprised of over 1000 independent tire service locations in 45 states. Copyright 2023 The Associated Press. United States, Through its TireLink and DT Tire Banners, Groupe Touchette is servicing car manufacturers, car dealerships and independent tire retailers. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Read More View Company Info for Free Who is American Tire Distributors Headquarters All Rights Reserved. Followingtheclose ofthetransaction,GroupeTouchettewill serve all major manufacturers and supply customers acrossCanada. ThankstoouragreementwithGroupeTouchette,wearehelping pavethewayindevelopingacleanertire industry of the future, with technology-enabled connectivity and efficiency through our diverse line of products. It operates more than 140 distribution centers in the U.S. and Canada. Create Comparison. How Goodyear Helps Last Mile Fleets Achieve Total Mobility, Tire Sustainability Remains Top Priority for Industry, California Coalition Asks Court to Back EPA, Teamsters Break Off UPS Talks, Warn Strike Inevitable, Industry Sector Rankings Show Growth, Acquisitions by Carriers, Inside an Aurora Self-Driving Truck Testing in Texas, Diesel Prices Drop 3.4 to $3.767 a Gallon, 2023 Transport Topics | All Rights Reserved. HUNTERSVILLE, N.C. - America Tire Distributors Inc. (ATD) announced that a fund managed by the private equity group of Ares Management L.P. has entered into an agreement to acquire a. The Gentex Foundation has selected the first recipients of the Amanda Clark Scholarship. In 2022, the company was recognized as one of Forbes' 2022 America's Best Midsize. American Tire Distributors Company Profile - Craft Lamentamos pelo inconveniente. This transaction builds on Groupe Touchettes legacy as an employer-of-choice in Canada and is expected to create exciting career opportunities for Groupe Touchette employees, NTD associates and potential additional hires. Groupe Touchette David Giguere Vice President, Marketing & Merchandising, Patrice Lavoie Vice President, Public Relations, Hill+Knowlton Strategies communications@grtouchette.com 514.567.7496, Jessica Kessel Vice President, Corporate Brand Affairs & Communications jkessel@atd-us.com 704.516.1162, Aaron Palash / Jack Kelleher / Haley Salas Joele Frank, Wilkinson Brimmer Katcher 212.355.4449, Claude Breton Longview Communications & Public Affairs 514.220.1482, View original content to download multimedia: https://www.prnewswire.com/news-releases/groupe-touchette-to-acquire-american-tire-distributors-national-tire-distributors-business-and-bring-enhanced-service-and-more-choice-to-canadian-consumers-301585978.html. American Tire Distributors has 5 employees at their 1 location and $4.8 b in annual revenue in FY 2016. message, please email Nearly half of all tire dealers who responded to our survey identified their business as having a single owner. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. Cision Distribution 888-776-0942 Moelis & Company LLC is serving as financial advisor to ATD and Davies WardPhillips&Vineberg LLPandTroutman PepperHamiltonSanders LLPareserving asitslegalcounsel. This is an exciting time in the evolution of our company says William Berry, ATDs president and CEO. Groupe Touchette looks forward to bolstering its service offering through the integration of NTD's best-in- classworkforceandrichindustryknowledge. American Tire Distributors Holdings, Inc. Company Profile In connection with the acquisition, American Tire amended and restated their asset-based credit . American Tire Distributors (ATD) has been sold to an array of investment firms headed by TPG Capital for $1.3 billion. American Tire sought bankruptcy protection in 2018 after the manufacturers of Goodyear and Bridgestone tires decided to deal directly with consumers through their own networks. In March 2005, an investment group consisting of Investcorp Bank BSC, Berkshire Partners and Greenbriar Equity Group paid some $500 million for ATD, buying it from Boston-based Charlesbank Capital Partners. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. questo messaggio, invia un'email all'indirizzo American Tire Distributors (ATD) is an American distributor and retailer of automotive parts and supplies, including tires and wheels. Heafner Co. was founded in Lincolnton, North Carolina in 1935. Learn More. Stuart S Schuette, American Tire Distributors Holdings Inc: Profile and En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. We look forward to working with Groupe Touchette, as we push best practices and continue leading the pace of change in ourindustry. The Companys most targeted sectors include distribution (50%) and automotive (25%). By continuing to use our site, you consent to the placement of cookies on your browser. In 2021, the company was recognized as one of Forbes' 2021 America's Best Mid-Sized Employers and received a Gold Stevie Award in the Transportation Company of the Year category of the American Business Awards, in addition to a Bronze Stevie Award for Most Innovative Company of the Year. The technology is here, but politics may stand in the way. Led by Nicolas Touchette and Frdric Bouthillier, the company headquartered in Montral specializes in value-added tire distribution services. ATD has acquired in 3 different US states. Omni United. Groupe Touchette has more than 1,000 employees and is present across Canada with more than two dozen distribution centres. , . 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. J.H. ATD is headquartered out of Huntersville, North Carolina and was founded in 1935. - Kenda Adds Shaun Fitzgerald as Automotive Sales Manager, - Kumho Tire Shows European Market Presence at TCR World Tour, - Chapel Hill Tire Gives Oil Changes to Teachers, Michelin ONCall Records 2.5M Breakdown Events, Marangoni Nominated for Multiple Awards at Recircle Awards 2023, GT Radial Secures Podium Finish in Formula Drift, Bridgestone, Tight End University Partner on Youth Literacy, Mass. In 2021, the company was recognized as one of Forbes 2021 Americas Best Mid-Sized Employers and received a Gold Stevie Award in the Transportation Company of the Year category of the American Business Awards, in addition to a Bronze Stevie Award for Most Innovative Company of the Year. American Tire Distributors Holdings, Inc. Company Profile | Huntersville, NC | Competitors, Financials & Contacts - Dun & Bradstreet HOME / BUSINESS DIRECTORY / WHOLESALE TRADE / MERCHANT WHOLESALERS, DURABLE GOODS / MOTOR VEHICLE AND MOTOR VEHICLE PARTS AND SUPPLIES MERCHANT WHOLESALERS / UNITED STATES / NORTH CAROLINA / HUNTERSVILLE Learn More. The company has locations across the United States and Canada. During that same 10-year period, ATD grew rapidly, buying up a number of independent tire wholesalers and opening its own new distribution centers. American Tire Distributors - Glassdoor The company, one of the nations biggest independent sellers of replacement tires, has term loans due in 2023 and 2024 that trade around 97 and 98 cents on the dollar, respectively, according to Bloomberg data. Groupe Touchette looks forward to bolstering its service offering through the integration of NTDs best-in- class workforce and rich industry knowledge. Were investing behind a great management team and we look forward to working with them to continue to expand this successful franchise.. By Tire Review Staff. Net profits came in at $4.93 million for 2009, down from a profit of $9.67 million in 2008, the company reported. "We are grateful to have been a part of ATD and for their vision, innovation and operational support that have positioned us for continued growth and success. We are grateful to have been a part of ATD and for their vision, innovation and operational support that have positioned us for continued growth and success. American Tire Distributors Careers and Employment - Indeed para informarnos de que tienes problemas. , . [Stay on top of transportation news: Get TTNews in your inbox.]. Ten days ago, the Huntersville-based company completed its. Caso continue recebendo esta mensagem, 2023 Endeavor Business Media, LLC. The acquisition of NTD will significantly contribute to Groupe Touchettes ability to serve its customers and business partners, bringing enhanced service, increased offering capacity and more choice to Canadian consumers. The company also serves Canadian consumers under the retail banners Tireland/Ici Pneu, Tire Partners/Pneu Solutions, Pneus Chartrand Mcanique, Pneus Express Mcanique and Touchette Motorsport. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Parts Warehouse in Little Rock hosted 225 guests at its 38th annual two-day golf tournament. The acquisitionofNTDwillsignificantlycontributetoGroupe Touchette'sabilitytoserveitscustomersand business partners, bringing enhanced service, increased offering capacity and more choice to Canadian consumers. Wholesale Tire Distributors | LinkedIn It operates more than 130 distribution centers, including 24 distribution centers in Canada, serving approximately 80,000 customers across the U.S. and Canada. Over the last decade, ATD has had numerous owners. Lawmakers Could End Right to Repair Impasse, AI & Your Tire Shop: Using it to Your Advantage, Finding TPMS Sales & Maintenance Opportunities, Airless Tires Represent Another Milestone Breakthrough, Fix Punctures and Sidewall Gashes with Techs Permacure Repairs, Yokohama Tire Releases Educational Video Series During National Tire Safety Week, Pirelli Gives USTMAs National Tire Safety Week its Support, TPMS Manufacturers Urge Technicians to Update Tool Software, Titan to Bring New Big Bud 700 to Farm Progress 2023, Continental Highlights Future of Digital Tire Monitoring for Dealers, Fleets, 2024 Auto Care Association Factbook Released Using Torqata Data. November 30, 2017. Over the past five years management implemented a successful strategy that has built (the company) into the leading replacement tire distributor in the U.S., notes David Tayeh, a managing director at Investcorp, which is among an ownership group that had purchased ATD in 2005 for an undisclosed sum. MONTREAL and HUNTERSVILLE, N.C., July 13, 2022 /PRNewswire/ - Groupe Touchette Inc. ("Groupe Touchette") and American Tire Distributors ("ATD") today announced that they have entered into a. Disculpa Groupe Touchettes plan is to offer powerful solutions that drive efficiencies and streamline the supply chain for the benefit of customers, consumers and manufacturers. In August 2014, the Wall Street Journal reported that ATD was being shopped to other private equity firms and could bring more than $3 billion. Just two months prior, TPG Capital had set plans for an IPO for ATD, but those plans were scrapped when the private equity firm began taking bids for the distribution giant.

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