Retail

ATD to purchase Terry's Tire Town

Posted on February 19, 2014

On the heels of the January announcement of its purchase of Hercules Tire Holdings LLC, American Tire Distributors Inc. (ATD) has executed an agreement to acquire all of the outstanding capital stock of Terry’s Tire Town Holdings Inc. headquartered in Alliance, Ohio. The acquisition is expected to close in late March or early April. 

Founded in 1972 with a single retail store in Alliance, Ohio, Terry’s Tire Town later moved into the wholesale distribution segment of the business in 1984. Over the years, and facilitated by a 2010 recapitalization led by an investor group organized by Talisman Capital Partners, Terry’s Tire Town expanded into the mid-Atlantic, Metro New York, New Jersey and New England via greenfield openings and the acquisitions of Summit Tire and Englewood Tire Wholesale in 2011. 

Terry’s Tire Town exited the retail business completely by selling all seven of its retail stores in October 2011. It currently operates 10 distribution centers as well as a commercial tire operation. 

“The opportunity for ATD and Terry’s Tire Town to join forces is very positive for the future of both companies and for our customers,” says Bill Berry, CEO and president of ATD. “After the transaction closes, we will be able to offer all the services and programs customers enjoy today, plus much more.”

ATD opened in the New Jersey, Long Island and New England markets via greenfield openings over the past two years. By combining with Terry’s Tire Town, ATD will enhance its ability to service tire and automotive service retailers in these U.S. markets, the company says. 

ATD operates 152 distribution centers, including 28 distribution centers in Canada, serving approximately 72,000 customers across the U.S. and Canada. 

See also:

Terry's Tire Town sells seven stores to Monro

Terry's Tire Town opens new distribution center

Related Topics: American Tire Distributors, ATD, Hercules Tire and Rubber, Terry's Tire Town

Comments ( 2 )
  • Darren

     | about 4 years ago

    I am driver for Terry Tire/Englewood Tire and very excited to become apart of ATD.

  • See all comments
More Stories
Brett Ponton graduated from the University of Nebraska with a degree in finance.
News

Brett Ponton Will Take Over at Monro

John Van Heel is leaving Monro Muffler Brake Inc. after 15 years with the company, the last five as its CEO. He will be replaced by Brett Ponton, whose career includes time at Goodyear Tire & Rubber Co., where he rose through the ranks and eventually served as vice president of marketing for the North American tire division and managed more than 800 retail locations.  

News

Simple Tire Adds Another Delivery Option for Online Tire Buyers

Simple Tire LLC has added a third delivery option for customers of its online sales platform. They can ship their tires to any of the 1,800 FedEx Office locations in the U.S. But Simple Tire’s real goal is to redirect those customers to one of its installation partners.  

News

Pep Boys Expands in New York and New Jersey

Pep Boys — Manny, Moe & Jack, a wholly-owned subsidiary of Icahn Automotive Group LLC, has acquired an automotive and tire center in New York, and opened a new Pep Boys Service & Tire Center in Bordentown, N.J.  

The tall ceilings of Jeff Hall's Gardiners Road store give it a modern look and feel.
News

The Secret to Success for Midas in Canada: Tires

The owner of the two busiest Midas locations in Canada says offering an extensive tire inventory and more than a dozen tire brands has transformed his business. Consider Jeff Hall’s success a sign of what’s to come at Midas stores across North America.  

News

Six Hankook Tire Dealers Will Host Events for Veterans

Six tire dealers will help Hankook Tire America Corp. continue its partnership with the Disabled American Veterans (DAV) organization. Those dealers will host the group's Mobile Service Offices (MSO) at their stores so the DAV can reach out to veterans in those communities.  

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!