Dec 19, 2023

Capstone Partners Advised Dobbs Tire and Auto Centers on its Growth Investment from Audax Private Equity

Capstone Partners advised Dobbs Tire and Auto Centers—a regional leader in tire and auto service—on a growth investment from Audax Private Equity. Terms of the deal were not disclosed.

Dobbs Tire and Auto Centers is a leading provider of automotive maintenance and tire repair services in the St. Louis region. Dobbs was founded in 1976 as a family-owned and operated private company and has grown to employ more than 650 associates at 43 stores across Missouri and Illinois. In addition to its comprehensive tire offerings, Dobbs provides a full suite of automotive services specializing in routine, preventative, and complex diagnostic repairs for all types of vehicles including cars, light trucks, SUV, Hybrid, and EV. For more information, visit Dobbs Tire and Auto Centers here.

Capstone was the ideal choice for us as we decided to seek a growth partner for our family business. Their knowledge and proven expertise in the automotive aftermarket are what set Yogi and his team apart from their competition. From our initial meeting to the close of the transaction, the Capstone team’s attention to detail and ongoing guidance is what allowed us to find the best partner for our company and our family of associates. Their diligent sale process enabled us to realize the full value of our business, honoring our family legacy and generations of hard work.

Dustin DobbsCEO, Dobbs Tire and Auto Centers

“We are thrilled to have represented the Dobbs family on their successful transaction with Audax Private Equity,” commented Yogi Punjabi, Managing Director at Capstone Partners. “Over three generations of Dobbs family members, the team has developed a tremendous, market-leading business with significant long-term growth potential. We believe that the Dobbs family has found the perfect partner with Audax and are excited for the management team and 650+ associates as they enter this exciting next phase of growth.”

Audax Private Equity, based in Boston and San Francisco, is a leading private equity firm with approximately $19 billion of assets under management and a focus in the middle market. Audax leverages a disciplined Buy & Build approach across six core industry verticals, aiming to help portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. Since its founding in 1999, the firm has invested in more than 165 platforms and 1,200 add-on acquisitions.

Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, please visit

The expert investment banking professionals on Capstone Partners’ Automotive Aftermarket Team work with leading middle market companies operating in the aftermarket to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Auto Aftermarket Investment Banking Team, contact us.