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New Deal


Announced

Completed

The Carlyle Group-backed Liberty Tire Recycling completed the acquisition of Lakin Tire.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Completed

United States

Private

Single Bidder

tire recycling

Auto Parts

Private Equity

Friendly

tire solutions

Majority

Synopsis

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The Carlyle Group-backed Liberty Tire Recycling, a provider of tire recycling services in North America, completed the acquisition of Lakin Tire, a tire removal and recycling company. Financial terms were not disclosed. "Similar to Liberty, Lakin has a long heritage of providing outstanding customer service and has a deep commitment to sustainability. Lakin’s culture of service and sustainability is a great match for Liberty’s innovative tire processing and recycling capabilities, which will enable the combined company to drive increased sustainable reuse of scrap tires," Thomas Womble, Liberty Tire CEO.

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