As compared with the public markets, the private capital markets are like the wild west. I liken it to a frontier town where there’s no sheriff, plenty of gunslingers and news travels slowly by stagecoach.
In my March MTD column, we reviewed some of the proposed changes to federal taxes on the horizon. Since this is the April edition, let’s continue with the tax theme and investigate how sale transactions are taxed under today’s laws.
Elections have consequences. The Tax Cuts and Jobs Act of 2017 was passed by the slimmest of margins in the Republican-controlled Senate and House through a budget reconciliation process that needed only a majority of votes to pass. We find ourselves now with the situation having flipped.
Washington, DC, (February 12, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Porterfield Tire, Inc. of Athens, Georgia, has been sold to Cincinnati-based Tire Discounters. FOCUS represented Porterfield Tire in this transaction.
Washington, DC (December 8, 2020) – McLea’s Tire & Automotive Centers, a family-owned, five-store operation based in Santa Rosa, Calif., has been acquired by AAA Northern California, Nevada & Utah (AAA NCNU). FOCUS Investment Banking represented McLea’s Tire & Automotive Centers in this transaction.
Washington, DC, (September 17, 2020) — FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, with a specialty in the automotive aftermarket, announced today that Nokian Tyres company-owned Vianor Stores in New England have been acquired by Gill’s Point S Tire & Auto Service. FOCUS represented Nokian Tyres in this transaction.
In the wake of COVID-19, you might be wondering if merger and acquisition (M&A) activities at the tire dealership level have kicked the bucket. According to MTD research, rumors of that demise have been overstated. Just compare last year's MTD Top 100 list of the biggest independent tire dealerships in the United States to this year's MTD 100.
Washington, DC, (February 12, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Porterfield Tire, Inc. of Athens, Georgia, has been sold to Cincinnati-based Tire Discounters. FOCUS represented Porterfield Tire in this transaction. 
Washington, DC (December 8, 2020) – McLea’s Tire & Automotive Centers, a family-owned, five-store operation based in Santa Rosa, Calif., has been acquired by AAA Northern California, Nevada & Utah (AAA NCNU). FOCUS Investment Banking represented McLea’s Tire & Automotive Centers in this transaction. 
Washington, DC, (September 17, 2020) — FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, with a specialty in the automotive aftermarket, announced today that Nokian Tyres company-owned Vianor Stores in New England have been acquired by Gill’s Point S Tire & Auto Service. FOCUS represented Nokian Tyres in this transaction.
