M&A Deal Summary

Dealer Tire Acquires Dent Wizard International

On January 6, 2020, Dealer Tire acquired automotive company Dent Wizard International from Gridiron Capital and FS Investments

Acquisition Highlights
  • This is Dealer Tire’s 1st transaction in the Automotive sector.
  • This is Dealer Tire’s 1st transaction in the United States.
  • This is Dealer Tire’s 1st transaction in Missouri.

M&A Deal Summary
Date 2020-01-06
Target Dent Wizard International
Sector Automotive
Buyer(s) Dealer Tire
Sellers(s) Gridiron Capital
FS Investments
Deal Type Add-on Acquisition
Advisor(s) Jefferies
Robert W. Baird & Co., Inc. (Financial)
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

Dent Wizard International

Bridgeton, Missouri, United States
Dent Wizard is the provider of automotive reconditioning services and related products. Dent Wizard International was founded in 1983 and is based in Bridgeton, Missouri.

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Buyer(S) 1

Buyer

Dealer Tire

Cleveland, Ohio, United States
Category Company
Founded 1999
Sector Distribution
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 2

SELLER

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 764M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 14 of 19
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 5 of 6
State (Missouri) 2 of 2
Country (United States) 14 of 19
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Colibri Group

St. Louis, Missouri, United States

Colibri Group helps millions of professionals manage and advance their careers through online learning solutions, all powered by a proprietary technology platform. Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, appraisal, and financial services, among other professions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 AML RightSource

Cleveland, Ohio, United States

AML RightSource is the largest global provider of financial crime compliance solutions. With nearly 1,700 professionals across 11 countries, our team of experts provides an end-to-end solution focused on Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Financial Crime Advisory (FCA), tech-enabled onboarding/Know Your Customer (KYC) and expert managed services. AML RightSource was founded in 2004 and is based in Cleveland, Ohio.

Buy -
SELLER

FS Investments

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2007
PE ASSETS 19.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

FS Investments is an asset management firm that provides a variety of investment vehicles for retail investors and institutions. FS Investment generally looks to provide senior secured loans, second lien loans and mezzanine financing for private US companies. FS Investments was formerly known as Franklin Square Capital Partners. FS Investments was formed in 2007 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Harvey Building Products

Waltham, Massachusetts, United States

Harvey Building Products manufactures windows and doors under the Harvey brand name and also distributes siding, roofing and other building products. Harvey Building Products was founded in 1961 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Church s Chicken

Atlanta, Georgia, United States

Church's Chicken is a chicken quick-service restaurant serving more than three million customers weekly through restaurants in 22 countries and more than 30 states in the U.S. The Company serves affordable freshly prepared, high-quality, flavorful chicken and tenders with signature sides and handmade, from-scratch biscuits. Church's Chicken was founded in 1952 and is based in Atlanta, Georgia.

Buy -
Mergr

Product

Company

Legal