American Tire Distributors has filed to go public on the NYSE under the ticker symbol ATD. The replacement tire distributor is planning a $230 million offering, which it will use the proceeds from to redeem $45.2 million of its Discount Notes due 2013, redeem all of its outstanding 8% preferred stock and to redeem a portion of its outstanding senior notes. It reported $1.6 billion in sales for the 9 month period ending Oct. 3th with a net income of $2.3 million. The company is jointly owned by Berkshire Partners, Investcorp and Greenbriar Equity Group.
There are currently 45 other private equity-backed U.S.-based companies in IPO registration, representing a wide variety of businesses. The top industry is B2B with 10 companies, followed by healthcare with eight and B2C and Information Technology with six each. The list of companies include gun and ammo manufacturer Freedom Group (Cerberus Capital Management), restaurant operator Dave & Buster's (Wellspring Capital Management), snow plow maker Douglas Dynamics (Aurora Capital Group & Ares Management) and dentist support services provider Bright Now! Dental (Freeman Spogli & Company).