ATD buys assets of N.J.'s Albert Tire

CHARLOTTE, N.C. (July 1, 2015) — American Tire Distributors Holdings Inc. (ATD) has acquired most of the assets of Albert Tire L.L.C., the West Deptford, N.J.-based wholesaler serving customers throughout the Northeast and mid-Atlantic markets since 1919.

ATD said the deal excludes some assets specifically located in the West Deptford headquarters. Financial terms were not disclosed.

Albert Tire has distribution centers in York, Pa., Beltsville, Md., Manassas, Va., and West Deptford. It was aquired in late 2012 by Bennett Capital Partners L.L.C. of Alexandria, Va., for $40 million.

“The opportunity for ATD and Albert Tire to join forces is very positive for the future of our mutual customers,” said William Berry, ATD president and CEO.

“The strengths of ATD and Albert Tire align very well, as both companies focus on providing customers with unsurpassed product availability and industry-leading service levels,” he added.

ATD did not elaborate in its prepared statement on Albert Tire's annual sales or personnel headcount or whether the wholesaler's executives will be joining ATD. John Casey has been CEO under Bennett Capital's ownership.

Albert Tire and ATD are both Goodyear G3X distributors and both have strong, long-standing relationships with Goodyear, ATD said. Albert has been a Goodyear distributor since 1952.

Albert Tire recently began marketing the Continental and General brands, which are also part of ATD's portfolio. ATD also is a Conti Gold associate dealer program administrator.

The acquisition of Albert Tire extends ATD's network of distribution centers to 113 in 45 states. ATD also has 27 centers in eight Canadian provinces.