AMERICAN TIRE DISTRIBUTORS COMPLETES SALE TRANSACTION WITH LENDER GROUP

HUNTERSVILLE, N.C., March 5, 2025 /PRNewswire/ -- American Tire Distributors, Inc. today announced that it has completed the sale of substantially all of its assets to a buyer entity formed by certain of its existing lenders.

The assets not included in the sale will remain in Chapter 11 and be administered under OldCo Tire Distributors, Inc. f/k/a American Tire Distributors, Inc., which will seek Bankruptcy Court approval of a chapter 11 plan at a hearing currently scheduled for March 27, 2025.

Additional Information 

Court filings and other information related to the Chapter 11 proceedings, including instructions on how to file a proof of claim, are available on a separate website administered by the OldCo Tire Distributors, Inc.'s claims agent, Donlin Recano & Company, LLC, at www.donlinrecano.com/atd, by calling toll-free at 1-866-666-1597 (or 1-212-771-1128 for calls originating outside the U.S. or Canada), or by sending an email to [email protected].

Advisors

Kirkland & Ellis LLP and Troutman Pepper Locke LLP are serving as legal counsel, Moelis and Company LLC is serving as investment banker, and AP Services LLC, an affiliate of AlixPartners, LLP, is serving as restructuring advisor, to OldCo Tire Distributors, Inc.

The purchaser is represented by Akin Gump Strauss Hauer & Feld LLP as legal counsel and Perella Weinberg Partners LP as financial advisor.

Media Contact

Aaron Palash / Richard M. Goldman / Carly King
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
212-355-4449

SOURCE OldCo Tire Distributors, Inc.