- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- Huntersville United States of America
- IPO Date
- Jan 9, 2024
- Business
- Atd New Holdings Inc (AHLD) serves as the holding company for American Tire Distributors, Inc. (ATD), the leading independent wholesale distributor of tires, custom wheels, shop supplies, and related accessories to independent tire dealers, auto service providers, and commercial accounts across the United States and Canada; offers an extensive inventory exceeding 90,000 SKUs including over 4 million tires in every size and style from more than 20 top brands, a broad range of wheels for passenger cars, trucks, and recreational vehicles, tire pressure monitoring systems (TPMS), valve stems, lug nuts, wheel weights, and professional service equipment; provides value-added services such as same- or next-day delivery from over 110 distribution centers, self-service mobile ordering platforms, real-time tracking, line-of-credit financing, loyalty rebate programs, and business training. Founded in 1935 as J.H. Heafner Co. in Lincolnton, North Carolina, the business rebranded to American Tire Distributors in 2002 and maintains headquarters in Huntersville, North Carolina. In recent developments, ATD commenced Chapter 11 bankruptcy proceedings on October 22, 2024, in the U.S. Bankruptcy Court for the District of Delaware to facilitate a court-supervised sale process under a restructuring support agreement with an ad hoc lender group—including Guggenheim Partners Investment Management, KKR, Monarch Alternative Capital, Sculptor Capital Management, and Silver Point Capital—representing about 90% of its term loan obligations; entered a stalking horse asset purchase agreement in November 2024 contemplating a credit bid acquisition of substantially all assets that would reduce debt by $1.3 billion, secured $250 million in new debtor-in-possession financing plus $1.2 billion access from ABL lenders, received court approval for the sale on February 11, 2025, targeting completion by February 28, 2025, with operations continuing uninterrupted.