Covington Reps American Tire In $365M Terry's Tire Town Buy

Law360, New York (February 24, 2014, 1:08 PM EST) -- American Tire Distributors Inc. said last week that it will buy fellow tire company Terry's Tire Town Holdings Inc. from Talisman Capital Partners for up to $365 million in a deal that strengthens American Tire's position in the tire service industry.

The deal, which is expected to close in late March or early April 2014, will give Charlotte, N.C.-based American Tire all of the outstanding capital stock of Terry's Tire Town. Headquartered in Alliance, Ohio, Terry's Tire Town currently operates 10 distribution centers and one commercial...
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