Press Release January 07, 2015

Goodwin Advises TA Associates on Sale of Interest in Dealer Tire

Goodwin Procter attorneys recently advised TA Associates on the sale of its interest in Dealer Tire LLC, a provider of logistics and program management services to automotive manufacturers and dealers in selling replacement tires and parts. The transaction was announced in conjunction with purchase of a controlling interest in Dealer Tire by Lindsay Goldberg. In 2009, Goodwin attorneys advised TA Associates on its initial investment in the company. Financial terms of the transaction were not disclosed.

TA Associates, based in Boston, Mass., is a global growth private equity firm that leads buyouts and minority recapitalizations of companies in the technology, financial services, business services, healthcare and consumer industries. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital.

Dealer Tire, based in Cleveland, Ohio, helps original equipment automobile manufacturers design, implement and manage profitable tire and parts programs for their dealerships. The company has 42 distribution centers and manages replacement tire and parts programs for 23 automotive OEMs in the United States and eight in Canada. Dealer Tire, founded in 1999, serves more than 10,000 dealers.

The Goodwin team advising on the transaction was led by partners John LeClaire, Howard Cubell, and Mark Kirshenbaum and included associate Dan White.

Additional information regarding the transaction is available in the Dealer Tire press release.