BDO Capital Advises on Sale of Tire Outlet Holdings, Inc. and Affiliates

Boston, MA – January 10, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Tire Outlet Holdings, Inc. and Tire Outlet Direct, LLC (collectively, Tire Outlet or the Company) to Sun Auto Tire & Service (Sun Auto), a portfolio company of Leonard Green & Partners. BDO Capital served as exclusive financial advisor to Tire Outlet on this transaction, which builds on the firm’s experience advising family-owned businesses in the retail sector. Valentina Midura, Senior Managing Director, led the client engagement for BDO Capital.

Founded in 2012 and headquartered in Jacksonville, FL, Tire Outlet is a leading automotive repair & services retailer and tire distributor. The Company’s services include tire installation, tire rotation, tire alignment, wheel and tire balancing, air conditioning repair, battery replacement, brake repair, engine air filter, auto engine tune, oil change, shocks / strut services, and windshield wiper replacement. Tire Outlet offers its services and products through an online distribution store and 14 retail locations in Northeast Florida and online at Tire Outlet was the 77th largest independent tire dealership in the United States, according to the 2022 MTD 100.

“The management of Tire Outlet are thrilled that the Company has been acquired by Sun Auto, who we believe is a strong cultural and strategic fit which positions the business well for continued success,” said David Barron, the founder of Tire Outlet.

Sun Auto is a leading provider of vehicle aftermarket tires and repair services based in Mesa, Arizona. Sun Auto has over 420 locations across the United States and is increasing its footprint rapidly through organic growth and acquisitions. Sun Auto is backed by leading private equity firm Leonard Green & Partners.