Next Horizon Capital announced an investment in Telle Tire & Auto Centers, a well-established, fast-growing tire retailer and automotive service company with a strong presence in the Midwestern United States. The financial terms of the investment were undisclosed.
St. Louis, MO-based Telle Tire (founded in 1942) offers a full range of automotive services specializing in top-tier maintenance, preventive, and diagnostic repairs for all types of vehicles including cars, light trucks, SUVs, hybrids, and EVs. And operating as a single-store location for 69 years, fourth-generation President & CEO Aaron Telle has grown Telle Tire to 28 locations across Missouri, employing more than 275 associates and serving customers in St. Louis, Kansas City, Springfield, and Jefferson City.
Kirkland & Ellis served as legal counsel and RSM as accounting advisor to Next Horizon Capital. And Spencer Fane served as legal counsel, and UHY as accounting advisor to Telle Tire & Auto Centers.
KEY QUOTES:
“We’ve been impressed by Telle Tire for quite some time. Telle Tire’s passion and commitment to their customers and employees, combined with their innovative mindset and operating procedures, are the perfect building blocks for creating a next-generation tire and auto services repair platform. We’re excited to partner with Aaron Telle and the Telle Tire Management Team to realize that vision.”
- Mathew Lori, Founder and Managing Partner at Next Horizon
“We are thrilled to partner with Next Horizon. Their appreciation for our culture, approach to customer service, and joint experiences in the tire industry will help position Telle Tire for further growth and expansion. We have a great team of dedicated associates who have helped grow Telle Tire into the business it is today. We look forward to the next chapter of Telle Tire utilizing Next Horizon’s deep industry expertise, resources, and operational excellence to build upon our great brand and exceptional customer service. We remain dedicated to being a top employer with a steadfast focus on customer service and serving our communities.”
- Telle Tire CEO Aaron Telle
