NEW YORK (Dec. 10, 2014) — Palladium Equity Partners L.L.C. has acquired an undisclosed ownership stake in Raben Holdings L.L.C., the Evansville, Ind.-based dealership with retail, commercial, retreading and wholesale operations throughout a five -state area.
“We are excited to partner with Palladium, a firm with strong experience in working with and growing family-owned companies," said Tom Raben, president of Raben Tire.
“Palladium shares our vision of expanding the Raben Tire footprint within our existing markets and into adjacent markets across the U.S. We are ready to work together to continue growing the company that my father, brothers and I have built.”
Terms of the investment, described by Palladium as “significant,” were not disclosed.
“Raben Tire has established a strong brand reputation in the Midwest by offering excellent service to its loyal customer following and strong relationships with its suppliers,” said Luis Zaldivar, a managing director of Palladium.