Kingswood Capital Management completed the acquisition of a minority stake in Turbo Wholesale Tires.

Kingswood Capital Management, a private equity firm, completed the acquisition of a minority stake in Turbo Wholesale Tires, a designer, supplier, and wholesaler of proprietary and third-party branded tires. Financial terms were not disclosed. "We are thrilled to be partnering with Sarkis and the Sepetjian family, who have done an excellent job growing Turbo's business over the last decade and building an impressive portfolio of brands, including the Company's proprietary Lexani, Lionheart, and RBP owned brands. The investment of growth capital and the additions of Phillip Kane and Larry Jeffries to the Turbo management team position the Company well to pursue accelerated growth and offer customers additional products and services," Michael Niegsch, Kingswood Partner.