Configure managed a very effective financing process and delivered an attractive financing package through shifting market conditions that will allow us to execute on our go-forward strategic plan for Turbo.
Configure Partners Advises Kingswood on its Acquisition Financing for Turbo Wholesale Tires
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Kingswood Capital Management, LP (“Kingswood”) in securing committed debt capital to support the acquisition of Turbo Wholesale Tires, Inc. (“Turbo” or the “Company”), a leading designer, supplier, and wholesaler of proprietary and third-party branded tires nationwide. Configure supported all aspects of the financing process including lender screening, approach to market, transaction structuring, and negotiation of the financing-related documentation.
“We are extremely excited about the future of Turbo and our financing partner. Configure managed a very effective financing process and delivered an attractive financing package through shifting market conditions that will allow us to execute on our go-forward strategic plan for Turbo,” said Michael Niegsch, Partner at Kingswood.
Mike Garvin, a Managing Director at Configure, commented, “Turbo has a very bright future under its partnership with Kingswood. Kingswood and its operating partners bring extensive leadership and operational expertise that will help the Company realize on its significant growth potential. We are thrilled to have played a role in the transaction and believe that the financing demonstrates Configure’s ability to deliver for its clients.”
About Turbo Wholesale Tires, Inc. (https://turbotires.net)
Since 1983, Turbo has been a trusted tire supplier, leading the industry with a keen focus and understanding of the independent tire dealer. The Company has evolved into a national and international supplier of its proprietary and third-party brands, while continuing to stay true to its service roots. The industry’s proliferation of sizes and specialty fitments has required a broader and deeper inventory commitment by tire suppliers, which Turbo continues to demonstrate. With over half a million square feet of combined warehouse space in the United States, Turbo has the tires of its customers need, when they need them. For more information, please refer to the Turbo website at https://turbotires.net
About Kingswood Capital Management, LP (www.kingswood-capital.com)
Kingswood Capital Management, LP is a private investment firm primarily focused on investing in businesses in transition. In addition to access to capital, Kingswood brings relevant industry relationships and a broad network of internal and external operating resources that can strengthen the businesses it partners with and enhance value. Kingswood has extensive experience with complex transactions where it provides tailored solutions that ensure the best outcome for all constituents. For more information, please refer to the Kingswood website at www.kingswood-capital.com
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.