“Our company prides itself on our innovative approach and accomplishment-driven culture.”
Lindsay Goldberg's “successful track record, prudent financial philosophy and long-term investment approach are uniquely aligned with Dealer Tire's goals and aspirations,” the Muellers continued. “We are excited to join in this partnership — one that we are confident will benefit all of our stakeholders.”
Michael Dees, partner at Lindsay Goldberg, said in a statement that franchised auto dealers “have become increasingly focused on customer retention within their service departments, and replacement tires and light maintenance parts are a major defection point away from dealers. Dealer Tire provides dealers with the tools necessary to offer their customers better service in a profitable manner.”
Mr. Dees added that Lindsay Goldberg “is equally enthusiastic about the opportunity to partner with Dealer Tire and its employees to drive future growth and support the company's unique culture of innovation.”
Dealer Tire was founded in 1999 by the Mueller family, former owners of the longtime Cleveland-based Mueller Tire & Brake retail chain. Through 42 distribution centers, Dealer Tire manages replacement tire and parts programs for 23 automotive OEMs in the U.S. and eight in Canada, serving more than 10,000 auto dealerships.