TriCan Tire Distributors, Edmonton, AB, a subsidiary of American Tire Distributors, has agreed to acquire five companies in Alberta.
The five acquired companies are wholesale distributors of tires, wheels, tire parts, tire accessories and related equipment in Canada.
TriCan agreed to acquire the wholesale operations of Kirks Tire, Calgary, AB, for $73 million. Kirks’ retail operations were not included and will continue to operate under current ownership.
Trail Tire and Extreme Wheel, both of Edmonton, AB, will be acquired for $27.3 million. Regional Tire Distributors, Edmonton, AB, will be acquired for $31.9 million. Regional Tire Distributors, Calgary, AB, will be acquired for $20.7 million.