Debevoise & Plimpton LLP served as legal counsel to Dealer Tire and Perkins Coie LLP served as legal counsel to SimpleTire in connection with the transaction.
Dealer Tire, LLC, a national leader in replacement tire distribution for automotive dealerships, executed a significant investment in SimpleTire, a Philadelphia-based online tire retailer that has developed an innovative e-commerce platform and network of independent tire distributors. Terms of Dealer Tire’s investment were not disclosed.
Dealer Tire LLC is a family business that was founded in 1999 by the then owners of the former Mueller Tire & Brake, a Cleveland-based retail chain founded in 1918. Dealer Tire manages replacement tire and parts programs for more than 20 automotive OEMs in the U.S. and China. It serves more than 10,000 automotive dealerships from 39 distribution centers across the U.S.
SimpleTire was founded in 2012 by brothers Andy and Josh Chalofsky and friend Kenny Pratt. The trio successfully converted the traditional tire retailing business model into a technology driven model that links independent tire distributors across the country into one seamless e-commerce network. SimpleTire’s network includes more than 3,000 independent supply points.
The Debevoise team is led by partner Michael A. Diz (Picture) and includes partners Peter A. Furci and Henry Lebowitz; counsel Charles E. Wachsstock; and associates Katherine M. Arango, Sean Foley, Andrew G. Jamieson, Tigist Kassahun, Samuel D. Krawiecz and Dominique Trudelle.
Involved fees earner: Michael Diz – Debevoise & Plimpton; Sean Foley – Debevoise & Plimpton; Andrew Jamieson – Debevoise & Plimpton; Dominique Trudelle – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Samuel Krawiecz – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Tigist Kassahun – Debevoise & Plimpton; Charles Wachsstock – Debevoise & Plimpton; Katherine Arango – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;
Clients: Dealer Tire, LLC;