TPG Closes American Tire Acquisition

TPG Capital has completed its $1.3 billion acquisition of American Tire Distributors Holdings Inc., a Charlotte-based distributor of replacement tires to local, regional and national tire retailers. Sellers included Investcorp, Berkshire Partners and Greenbriar Equity Group

In related news, American Tire informed the SEC that it was withdrawing registration for a planned $230 million IPO.