American Tire Distributors, the country's largest replacement tire distributor with 83 centers and 60,000 customers, withdrew its plans for an initial public offering on Wednesday. The Huntersville, NC-based company was founded in 2005 and was recently acquired by global private equity firm TPG Capital for roughly $1.3 billion. American Tire Distributors, which booked $2.2 billion in sales for the 12 months ended January 2nd, 2010, was previously owned by Investcorp S.A., Berkshire Partners and Greenbriar Equity Group. BofA Merrill Lynch and Deutsche Bank Securities were set to be the lead underwriters on the IPO.
