Dealer Tire Announces Significant Investment by Bain Capital
Dealer Tire, LLC, a national leader in replacement tire and parts distribution for automotive dealerships, announced that Bain Capital Private Equity has made a significant investment in the company to accelerate growth and expansion.
Based in Cleveland, Ohio, Dealer Tire can trace its roots in the city and the tire industry to 1918. The company has built its business by developing an innovative position in the tire industry focusing on the OEM channel.
The company has also made several strategic moves in 2018 to expand its platform. In May, it invested in SimpleTire, LLC, an online marketplace with a virtual inventory model that facilitates web-based tire sales. Previously, it announced an investment in Tyrata, Inc., a tire sensor and data management company. Dealer Tire will continue to operate under the leadership of its current management team, led by CEO Scott Mueller and President Dean Mueller..”
“Dealer Tire has a unique value proposition that employs innovation and technology solutions to help customers and partners seize the significant opportunities in tire replacement sales and service,” said Joseph Robbins, a Managing Director at Bain Capital Private Equity. “We are excited to partner with the Mueller family and the talented management team they have assembled as they continue to expand the company’s platform to support dealers, OEMs, tire manufacturers and web-based customers in accelerating their growth in this vibrant industry sector.”
Bain Capital Private Equity has significant experience in the services, consumer, and industrial sectors, having made investments in a wide range of businesses including ASIMCO, American Trailer World, Autodistribution, BRP, Diversey, European finTyre Distribution, Genpact, MSX International, Sensata Technologies and TI Automotive.
Category: General Update, News, Wheels & Tires