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Discount Tire Company was founded by Bruce Halle as a tire shop in 1960, in Ann Arbor, Michigan.Halle had taken out a $400 loan to open the store, originally having six tires from a previous failed automotive supply company.
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The company now offers 24 tire brands and has ten warehouses in nine states. [ 3 ] [ 5 ] Customers who pick up orders from a warehouse location are offered a discount. After 26 years of being a privately-owned family company, Los Angeles-based investment group Leonard Green & Partners purchased a 49% stake in the company with the Veldman family ...
In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and investment business enterprises. In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture ...
The company acquired Winston Tire Company in 1997, and moved ATD's headquarters from Lincolnton to Charlotte in 1998. [3] Heafner Tire sold Winston Tire Company to Performance Management, Inc. in 2001. [4] In 2000, Heafner Group acquired American Tire Distributors. [5] Heafner Tire changed its name to American Tire Distributors (ATD) in 2002. [6]
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Bruce Thomas Halle [2] [3] (May 27, 1930 – January 4, 2018) was an American businessman, and the founder and chairman of Discount Tire. [ 1 ] [ 4 ] He was the wealthiest person in Arizona , with an estimated net worth of $5.2 billion at the time of his death.
O’Reilly Automotive, Inc., doing business as O’Reilly Auto Parts, is an American auto parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories to professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, O'Reilly auto parts operates more than 6,000 ...
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