Next Horizon Capital announced an investment in Telle Tire & Auto Centers, a well-established, fast-growing tire retailer and automotive service company with a strong presence in the Midwestern United States. The financial terms of the investment were undisclosed.

St. Louis, MO-based Telle Tire (founded in 1942) offers a full range of automotive services specializing in top-tier maintenance, preventive, and diagnostic repairs for all types of vehicles including cars, light trucks, SUVs, hybrids, and EVs. And operating as a single-store location for 69 years, fourth-generation President & CEO Aaron Telle has grown Telle Tire to 28 locations across Missouri, employing more than 275 associates and serving customers in St. Louis, Kansas City, Springfield, and Jefferson City.

Kirkland & Ellis served as legal counsel and RSM as accounting advisor to Next Horizon Capital. And Spencer Fane served as legal counsel, and UHY as accounting advisor to Telle Tire & Auto Centers.

KEY QUOTES:

"We've been impressed by Telle Tire for quite some time. Telle Tire's passion and commitment to their customers and employees, combined with their innovative mindset and operating procedures, are the perfect building blocks for creating a next-generation tire and auto services repair platform. We're excited to partner with Aaron Telle and the Telle Tire Management Team to realize that vision."