Kingswood Capital-backed Turbo Wholesale Tires completed the acquisition of Tire Wholesalers.

Kingswood Capital-backed Turbo Wholesale Tires, a designer, supplier, and wholesaler of proprietary and third-party branded tires, completed the acquisition of Tire Wholesalers, a wholesale distributor of third-party branded tires. Financial terms were not disclosed. "We are thrilled to be partnering with Turbo and Kingswood. The corporate cultures, functional strengths, geographies, and brand relationships of the two companies are highly complementary and Kingswood has an impressive track record of partnering with and supporting family- and founder-owned businesses. We look forward to working with Phillip Kane and the rest of the combined management team to ensure that our customers are the biggest beneficiaries of this combination," Ross Kogel Sr. and Ross Kogel Jr., TWI Founder and CEO.