Investment Summary

TA Associates Exits Dealer Tire

On November 25, 2014, private equity firm Lindsay Goldberg invested in distribution company Dealer Tire from TA Associates

Investment Highlights
  • This is Lindsay Goldberg’s 2nd transaction in the Distribution sector.
  • This is Lindsay Goldberg’s 24th transaction in the United States.
  • This is Lindsay Goldberg’s 1st transaction in Ohio.
Investment Fate
  • Dealer Tire was sold to a consortium of financial buyers in 2018.

Investment Summary

Date 2014-11-25
Target Dealer Tire
Sector Distribution
Investor(s) Lindsay Goldberg
Sellers(s) TA Associates
Deal Type Secondary Buyout

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.

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Investor(S) 1

Investor

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 30 of 58
Sector: Distribution M&A 2 of 3
Type: Secondary Buyout M&A Deals 7 of 13
State: Ohio M&A 1 of 1
Country: United States M&A 24 of 47
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 First American Payment Systems

Fort Worth, Texas, United States

First American Payment Systems is a service provider of credit card processing for merchants. It provides debit/EBT card processing, Secur-Chex check services, FirstPay.Net e-Commerce payment gateway, national ATM deployment, and Merimac Capital point-of-sale equipment and ATM leasing. First American Payment Systems was formed in 1990 and is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 HydroChemPSC

Deer Park, Texas, United States

HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.

Sell -

Seller(S) 1

SELLER

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 178 of 260
Sector: Distribution M&A 2 of 3
Type: Secondary Buyout M&A Deals 19 of 50
State: Ohio M&A 3 of 5
Country: United States M&A 160 of 207
Year: 2014 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Insurity

Hartford, Connecticut, United States

Insurity provides innovative and flexible insurance technology that allows clients to meet their business goals and offer a simplified experience. With the market's most advanced cloud operations, Insurity's platform offers scalable, highly secure and reliable solutions that increase speed to value. Insurity was founded in 1971 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 MedSolutions

Franklin, Tennessee, United States

MedSolutions is a provider of medical cost management services for commercial and Medicaid payors.

Sell -