GPX International Tire Corp
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GPX International Tire Corp - overview
Location
Malden, MA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
GPX International Tire Corp is a US-based manufacturer specializing in high-performance tire solutions for passenger cars, trucks, and off-road vehicles, focusing on durability and safety across various driving conditions. GPX International Tire Corp operates in the tire manufacturing sector, offering a diverse range of products. The company is headquartered in Malden, US, and was involved in a significant restructuring process after filing for Chapter 11 bankruptcy in November 2009. Sterling Investment Partners participated in the latest funding round, a BUYOUT in which GPX raised USD 40.
00 mn, marking the total amount raised by the company at USD 40. 00 mn. GPX International Tire Corp specializes in high-performance tire solutions tailored for a diverse range of vehicles, including passenger cars, trucks, and off-road vehicles. Their offerings encompass various tire models designed to enhance durability, traction, and safety in different driving conditions.
Each tire is engineered with advanced rubber compounds and tread patterns to optimize performance, catering to everyday consumers and specialized sectors such as motorsports. Their products serve individual vehicle owners, automotive retailers, and commercial fleets, primarily in North America, Europe, and select markets in Asia. The revenue generated by GPX International Tire Corp comes from direct sales of tire products to consumers, automotive retailers, and commercial clients. The company employs a B2B model, forming partnerships with retailers who stock their tires and engaging directly with consumers through online sales channels.
Transactions often involve bulk orders from retailers, who then resell to end customers. Flagship products are priced to reflect their premium quality and performance features, ensuring competitive rates for both retailers and individual customers while maintaining profitability for the company. GPX International Tire Corp is focusing on future growth through the development of new tire products designed for enhanced performance and durability. The company aims to expand its market presence in specific regions, with plans to penetrate additional markets in Asia by the end of 2023.
The recent funding from the BUYOUT will be utilized to support these initiatives, particularly in product development and market expansion efforts.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.gpxtire.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
GPX International Tire Corp - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Maine Industrial Tire LLC | - | ||||||||
| Restructuring | Completed | GPX International Tire Corp | - | ||||||||
| Bankruptcy/Write-off | Completed | GPX International Tire Corp | - | ||||||||
| Add-on | Completed | Hebei Starlight | - | ||||||||
| Add-on | Completed | Maine Industrial Tire LLC | - |
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