M&A Deal Summary

ATD Acquires Tires Now

On May 19, 2022, ATD acquired distribution company Tires Now from Monro for 105M USD

Acquisition Highlights
  • This is ATD’s 2nd transaction in the Distribution sector.
  • This is ATD’s 2nd largest (disclosed) transaction.
  • This is ATD’s 4th transaction in the United States.
  • This is ATD’s 1st transaction in New York.

M&A Deal Summary
Date 2022-05-19
Target Tires Now
Sector Distribution
Buyer(s) ATD
Sellers(s) Monro
Deal Type Divestiture
Deal Value 105M USD

Target

Tires Now

Rochester, New York, United States
Tires Now operate seven facilities across the Southeastern United States, servicing more than 3,500 wholesale customer locations annually.

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Buyer(S) 1

Buyer

ATD

Huntersville, North Carolina, United States

website

Category Company
Founded 1935
Sector Distribution
Revenue 2.2B USD (2013)
DESCRIPTION

ATD is one of the largest independent suppliers of tires to the replacement tire market. It operates more than 130 distribution centers, including 24 distribution centers in Canada, serving approximately 80,000 customers across the U.S. and Canada. ATD was established in 1935 and is based in Huntersville, North Carolina.

DEAL STATS #
Overall 4 of 4
Sector (Distribution) 2 of 2
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Martino Tire Company

Miami, Florida, United States

Martino Tire operated five wholesale distribution centers, 27 retail stores and two commercial centers. American Tire Distributors' purchase only includes the five distribution centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 NTD

Burlington, Ontario, Canada

NTD is a tire, wheel, and accessory distribution company. NTD was founded in 2008 and is based in Burlington, Ontario.

Sell -

Seller(S) 1

SELLER

Monro

Rochester, New York, United States

website

Category Company
Founded 1957
Sector Automotive
Employees8,750
Revenue 1.4B USD (2022)
DESCRIPTION

Monro is a provider of automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire, Tire Warehouse, Tire Barn, Towery's Tire and Auto Care and Tire Choice. Monro was founded in 1957 and is based in Rochester, New York.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Free Service Tire

Johnson City, Tennessee, United States

Free Service Tire Co. is an own and operator of 12 retail and commercial stores, four wholesale distribution centers and one retread facility, adding to Monro’s more than 130 existing retail, commercial and wholesale locations in Tennessee, North Carolina, and Virginia.

Buy -
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