M&A Deal Summary

ATD Acquires The Hercules Tire & Rubber

On January 29, 2014, ATD acquired automotive company The Hercules Tire & Rubber from FdG Associates for 310M USD

Acquisition Highlights
  • This is ATD’s 1st transaction in the Automotive sector.
  • This is ATD’s largest (disclosed) transaction.
  • This is ATD’s 2nd transaction in the United States.
  • This is ATD’s 1st transaction in Ohio.

M&A Deal Summary

Date 2014-01-29
Target The Hercules Tire & Rubber
Sector Automotive
Buyer(s) ATD
Sellers(s) FdG Associates
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

The Hercules Tire & Rubber

Findlay, Ohio, United States
Hercules is a marketer and distributor of Hercules branded tires and other internationally known independent tire brands to retail and wholesale customers across the United States, Canada and in 100 countries around the world.

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Buyer(S) 1

Buyer

ATD

Huntersville, North Carolina, United States

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 2 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 2
Country (United States) 2 of 4
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-19 Terry s Tire Town

Alliance, Ohio, United States

Terry’s Tire Town is a super-regional distributor of replacement tires to independent tire dealers throughout the Midwest and Northeast. Terry's Tire Town is based in Alliance, Ohio.

Buy -

Seller(S) 1

SELLER

FdG Associates

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

FdG Associates is a private equity firm that looks to invest in middle market companies valued between $40 and $150 million. FdG prefers investment candidates located in the US or Canada exhibiting significant growth potential. Sectors of interest include business and financial services, consumer products, consumer services, value-added distribution, light manufacturing, and retail. FdG's target equity investment size is $15 to $50 million. Prospective transaction types include recapitalizations, management buyouts, growth financings, and industry consolidations. FdG Associates was formed in 1995 and is based in New York City with an additional office in Los Angeles.


DEAL STATS #
Overall 12 of 13
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ohio) 1 of 1
Country (United States) 12 of 13
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Quantix

Woodlands, Texas, United States

Quantix is a provider of dry bulk transportation, packaging, distribution and logistics solutions to numerous multinational companies within the chemical and plastic industries. Quantix was founded in 1965 and is based in the Woodlands, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-18 Infrastructure and Industrial Constructors USA

Pittsburgh, Pennsylvania, United States

Infrastructure and Industrial Constructors USA LLC (i+iconUSA) is a family of diversified heavy-civil and industrial construction companies recognized for safe and innovative infrastructure solutions. The origins of i+iconUSA date back to 1947 with the founding of Joseph B. Fay Company (Fay) operating primarily in the Mid-Atlantic States. Since that time by pursuing its strategy of creating value for employees, clients, and other stakeholders, i+iconUSA has grown and expanded through acquisition and organic means. i+iconSOUTHEAST, which began operations in 1982, focuses on the geographical region from southern Virginia through Florida and into the Caribbean.

Sell -