About Tire Rack
Tire Rack is a company based in South Bend (United States) founded in 1979 by Peter Veldman was acquired by Discount Tire in December 2021.. Tire Rack offers products and services including Tires, Wheels, and Parts and Accessories. Tire Rack operates in a competitive market with competitors including Valvoline, AutoZone, LKQ, Keystone Automotive Operations and O'Reilly Auto Parts, among others.
- Headquarter South Bend, United States
- Founders Peter Veldman
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Tire Rack, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Leonard Green and Partners
& 1 more
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Employee Count
Employee Count
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Acquired by
Discount Tire
(Dec 04, 2021)
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Products & Services of Tire Rack
Tire Rack offers a comprehensive portfolio of products and services, including Tires, Wheels, and Parts and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Products for vehicle tire selection and performance.
Components to improve vehicle aesthetics and functionality.
Items like brakes and suspension for vehicle maintenance.
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Funding Insights of Tire Rack
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Private Equity Round - Tire Rack | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tire Rack
Tire Rack has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Leonard Green and Partners and Discount Tire. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Recapitalizations are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Retailer offering tires, wheels, and accessories for vehicles online and in stores.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tire Rack
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tire Rack
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tire Rack Comparisons
Competitors of Tire Rack
Tire Rack operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Valvoline, AutoZone, LKQ, Keystone Automotive Operations and O'Reilly Auto Parts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lubricants and automotive services are marketed and supplied.
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| domain | founded_year | HQ Location |
Automotive replacement parts and accessories are retailed by AutoZone.
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| domain | founded_year | HQ Location |
Distributes recycled auto parts and services through wholesale and retail.
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| domain | founded_year | HQ Location |
Wholesale distribution and retail of automotive aftermarket accessories are conducted.
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| domain | founded_year | HQ Location |
Automotive parts, tools, cooling equipment, and accessories are retailed.
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| domain | founded_year | HQ Location |
Automotive and industrial replacement parts are distributed with value-added solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tire Rack
Frequently Asked Questions about Tire Rack
When was Tire Rack founded?
Tire Rack was founded in 1979 and raised its 1st funding round 26 years after it was founded.
Where is Tire Rack located?
Tire Rack is headquartered in South Bend, United States. It is registered at South Bend, Indiana, United States.
Who is the current CEO of Tire Rack?
Mike Joines is the current CEO of Tire Rack.
What does Tire Rack do?
Tire Rack was founded in 1979 and is headquartered in South Bend, United States. Operations focus on the retail sector for automotive products, where tires, wheels, and related accessories are supplied through an online platform. Services include product selection, fitment advice, and shipping to customers across the country, with emphasis on inventory management and customer support in the automotive aftermarket industry.
Who are the top competitors of Tire Rack?
Tire Rack's top competitors include AutoZone, Valvoline and Genuine Parts Company.
What products or services does Tire Rack offer?
Tire Rack offers Tires, Wheels, and Parts and Accessories.
Who are Tire Rack's investors?
Tire Rack has 2 investors. Key investors include Leonard Green and Partners, and Discount Tire.
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