American Tire Distributors Inc (ATD) has acquired 100% of the shares of Wholesale Tire Distributors Inc, a Vaughan, Ontario-based company focused on tire supply and related services. The financial terms of the transaction were not published. This is the company’s second acquisition in Canada this year. In May 2013, ATD also bought Regional Tire Distributors Inc of Burlington, Ontario for US$62.5 million. With its headquarters in Charlotte, North Carolina, ATD is a portfolio investment of U.S. private equity firm TPG Capital, which bought the company in 2010 from Investcorp, Berkshire Partners and Greenbriar Equity.
American Tire Distributors, Inc. Expands Its Presence in Canada
December 16, 2013
CHARLOTTE, N.C.–(BUSINESS WIRE)–American Tire Distributors, Inc. (“ATD”) announced today that it has acquired all outstanding common shares of Wholesale Tire Distributors Inc. (“WTD”) based in Vaughan, Ontario, Canada. This acquisition will further strengthen ATD’s presence in the Southern Ontario region and provide a greater level of service to customers in the Toronto market. ATD entered the Canadian market in November 2012 by purchasing Triwest Trading Canada Ltd. d/b/a TriCan Tire Distributors (“TriCan”) and further solidified its Canadian platform by acquiring Regional Tire Distributors Inc. (“RTD”) in the Ontario and Atlantic regions in May 2013.
“WTD has an excellent reputation amongst its customers and suppliers for its coverage of the Southern Ontario region”
WTD operates two distribution centers in Southern Ontario, located in Vaughan (North Toronto) and Stoney Creek, servicing approximately 2,300 customers. Established in 2002, WTD has grown from one small warehouse operation in North Toronto to the two existing, very modern 50,000 square foot plus distribution centers it operates today. These two distribution centers will complement the existing RTD/TriCan footprint by servicing the Southern Ontario market.
“WTD has an excellent reputation amongst its customers and suppliers for its coverage of the Southern Ontario region,” said William “Bill” Berry, President and Chief Executive Officer of American Tire Distributors. “Our goal is to provide unsurpassed service and product availability to customers across Canada and this is an important step in achieving that goal.”
American Tire Distributors will continue to run its Canadian operation as a standalone business unit, based in Burlington, Ontario, with Mike Kustra serving as the President of the entity.
About American Tire Distributors
American Tire Distributors is one of the largest independent suppliers of tires to the North American replacement tire market. It operates 129 distribution centers, including 21 distribution centers in Canada, serving approximately 70,000 customers across the U.S. and Canada. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors employs approximately 3,500 employees across its distribution center network, including approximately 350 employees in Canada.
American Tire Distributors
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