American Tire Distributors, a portfolio company of Investcorp, has acquired Am-Pac Tire for $75 million in an add-on deal. Am-Pac Tire operates 23 replacement tire distribution warehouses in ten states. In 2005, Investcorp led a group of investors that included Berkshire Partners and GreenBriar Equity Group in a $710 million acquisition of American Tire.
Investcorp and American Tire's previous owner, Charlesbank Capital Partners, have been very active rolling up tire distributors and service centers into the company. Since 2000 ten companies have been added-on, the $243 million acquisition of ATD being the biggest deal.