Simha Partners Looks to Acquire Tire Dealerships

Investment firm Simha Partners LP is looking to acquire and scale tire dealerships and auto repair providers.

The company, which is based in New York, N.Y., and bills itself as "an alternative investment firm," recently finalized an inaugural fund with more than $45 million in "equity commitments."

The fund has "attracted high-quality limited partners, including both institutional investors and family offices, who have expressed interest in making substantial co-investments alongside (its) equity commitments."

Simha Partners was founded and is led by Anish Pathipati, a seasoned private equity investor with previous experience at Silver Lake Partners and more recently as managing director at Periphas Capital.

Other partners in Simha include Tim O’Day and Pat Pathipati. (O'Day was CEO of Boyd Group Services, parent company Gerber Collision, one of North America's largest auto collision repair businesses with more than $3 billion in revenue, according to Simha officials. Pat served as chief financial officer of Boyd Group Services.)

Simha "aims to make control investments in founder- and family-owned businesses and partner with great management teams. The firm's unique business model combines the committed capital of a private equity firm, the operational expertise of corporate executives, and the focus of a business builder.

"Simha's inaugural fund will focus exclusively on acquiring and scaling a platform in the tire and auto services industry."

The company has developed "a detailed thesis in this category, identifying opportunities for value creation through organic and acquisition-driven growth, operations excellence and the effective application of technology.

"The fund's singular focus allows Simha to concentrate its efforts and underscores its commitment to the tire and auto services industry."

"We are grateful for the trust and support of our exceptional limited partners," says Pathipati. "We see a compelling opportunity to build a category-leading platform in tire and auto services and have developed an innovative fund structure to pursue it.

"We are excited to partner with management teams, families and founders to drive transformational growth and generate enduring value in this space," he adds.