Private investment firm acquires Big 10 Tire Stores
Boca Raton, Fla.-based private investment firm Sun Capital Partners Inc. has acquired Big 10 Tire Stores Inc., the 6th largest independent tire store chain in the United States with 101 locations, according to Modern Tire Dealer research.
Terms of the deal have not been disclosed.
"This transaction is a great opportunity for the Big 10 brand as well as its employees," says Big 10 CEO and President Don Kennemer. (The dealership is headquartered in Mobile, Ala.)
"We are confident that the financial resources and deep retail experience of Sun Capital and its affiliates will support the management team in strengthening Big 10’s value proposition and reputation for superlative service."
Big 10 sells BFGoodrich, Bridgestone, Uniroyal, Kelly, Firestone and Michelin brand tires.
"We look forward to working with Don Kennemer, Big 10’s management team, and our franchisees to position the chain for future growth," says M. Steven Liff, Sun Capital's managing director.
Sun Capital focuses on leveraged buyouts, equity, debt, and other investments. The company's affiliates have invested in and managed more than 135 companies worldwide with combined sales in excess of $30 billion.
Sun Capital has offices in Boca Raton; Los Angeles, Calif.; New York, N.Y.; London, England; and Shenzhen, China.