TPG’s ATD-TriCan buys wholesale distribution business of Kipling Tire

TriCan Tire Distributors Inc, the Canadian subsidiary of  American Tire Distributors Inc (ATD), has purchased the wholesale distribution business of Kipling Tire Co Ltd, which is based in Etobicoke, Ontario. The financial details of the transaction were not disclosed. The Kipling Tire acquisition, which is Trican’s third domestic deal since the middle of last year, will further strengthen its presence in southern Ontario, the Burlington, Ont.-based company said. Tire supplier ATD is a portfolio investment of U.S. private equity firm TPG Capital. TPG bought the Charlotte, North Carolina-based company in 2010 from Investcorp, Berkshire Partners and Greenbriar Equity.

TriCan Tire Distributors, Inc. Expands Its Presence in Canada

January 17, 2014

BURLINGTON, Ontario–(BUSINESS WIRE)–TriCan Tire Distributors, Inc. (“TriCan”) announced today that it has acquired the wholesale distribution business of Kipling Tire Co. LTD. based in Etobicoke, Ontario, Canada. This acquisition will further strengthen TriCan’s presence in the Southern Ontario region. TriCan began its expansion in Ontario and Eastern Canada by acquiring Regional Tire Distributors Inc. (“RTD”) in the Ontario and Atlantic regions in May 2013. Last December TriCan also acquired Vaughan, Ontario-based distributor Wholesale Tire Distributors Inc.

Kipling Tire Co. LTD has operated as a retail-wholesale business, servicing both the needs of the retail consumer and other tire retailers, since 1982. On the wholesale side of the business, Kipling Tire distributed product from its Etobicoke, Ontario facilities to close to 400 accounts in Southern Ontario. Kipling Tire Co. LTD’s retail operations were not acquired by TriCan and will continue to operate as a stand-alone business unit under its current ownership.

About TriCan Tire Distributors

TriCan Tire Distributors is one of the largest independent suppliers of tires to the Canadian replacement tire market. It operates 23 distribution centers in Canada, servicing tire retailers from coast to coast in Canada. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. TriCan Tire Distributors employs approximately 350 employees in Canada across its distribution center network.

Contacts

Luquire George Andrews, Inc.
David Coburn, 704-552-6565
coburn@lgapr.com

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