Private equity firm Palladium Equity Partners is adding to the automotive parts M&A trend with an investment in Raben Holdings.

Raben, headquartered in Evansville, Indiana, sells tires and provides automotive services. The company has 25 stores, two wholesale distributes centers and three retreading facilities. The company was founded in 1952 by Butch Raben. The Raben family invested in the transaction alongside Palladium. Terms of the transaction were not disclosed.

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