Investment Summary

Burdette Capital Management and Gemini Investors Exits Dealer Tire

On September 28, 2009, private equity firm TA Associates invested in distribution company Dealer Tire from Burdette Capital Management and Gemini Investors

Investment Highlights
  • This is TA Associates’ 2nd transaction in the Distribution sector.
  • This is TA Associates’ 143rd transaction in the United States.
  • This is TA Associates’ 2nd transaction in Ohio.
Investment Fate
  • Dealer Tire was sold to a consortium of financial buyers in 2014.
  • Dealer Tire was sold to a consortium of financial buyers in 2018.

Investment Summary

Date 2009-09-28
Target Dealer Tire
Sector Distribution
Investor(s) TA Associates
Sellers(s) Burdette Capital Management
Gemini Investors
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

Dealer Tire

Cleveland, Ohio, United States
Dealer Tire is a value-added distributor that equips and assists automobile dealers in the sale of replacement tires and other automotive parts to end consumers. It serves more than 10,000 automotive dealerships from nearly 40 distribution centers. Dealer Tire was founded in 1999 and is based in Cleveland, Ohio.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 160 of 374
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 7 of 74
State: Ohio M&A 2 of 4
Country: United States M&A 143 of 270
Year: 2009 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-25 Martin Group

Mitchell, South Dakota, United States

Martin Group, Inc. provides telecommunications, consulting and engineering services and develops, markets and sells customer care and billing solutions to communications carriers in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-06 TEOCO

Fairfax, Virginia, United States

TEOCO Corp. is a provider of assurance and analytics software solutions to communication service providers (CSPs) worldwide. TEOCO's solutions provide CSPs with insights into business, customer, network and device metrics by harnessing big data analytics. TEOCO was founded in 1995 and is based in Fairfax, Virginia.

Buy -

Seller(S) 2

SELLER

Burdette Capital Management

Kirtland Hills, Ohio, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 55M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Burdette Capital Management is a private equity firm that seeks investments in middle-market Midwest companies engaged primarily in manufacturing and/or distribution. Burdette looks for growth companies generating sales of $30 to $100 million. The Firm primarily looks for control situations and has an investment horizon of three to five years. Burdette was formed in 2000 and is based in Kirtland Hills, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 8 of 53
Sector: Distribution M&A 2 of 3
Type: Secondary Buyout M&A Deals 2 of 14
State: Ohio M&A 1 of 1
Country: United States M&A 8 of 53
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Candescent Healing

Tarrytown, New York, United States

Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-13 Emerald BioStructures

Bainbridge Island, Washington, United States

Emerald BioStructures is a provider of products and services related to protein crystallography and structural genomics. Emerald BioStructures is based in Bainbridge Island, Washington.

Buy -