Audax to invest in Dobbs Tire & Auto Centers.

Audax, a private equity firm, agreed to invest in Dobbs Tire & Auto Centers, a tire retailer and automotive aftermarket service company. Financial terms were not disclosed. "Our company has reached its most significant crossroad since my grandfather, Don Dobbs, Jr., founded the company 48 years and 43 stores ago. How excited he would be to see us join forces with Audax, which shares our vision for the company's future, and has the resources, knowledge, and operational experience to help us realize our tremendous potential. We look forward to accelerating our growth and serving more communities around the country, while delivering our nearly 50-year promise to sell high quality tire brands and expert automotive services at competitive prices,” Dustin Dobbs, Dobbs Tire & Auto Centers CEO.