Middle market growth-oriented private equity firm

Next Horizon Capital

At a glance

Deal typesPlatform, Add-on S5
SectorsAuto Services & Collision, Accounting & Professional Services

What Next Horizon Capital buys

Next Horizon Capital is a San Francisco private equity firm that describes itself as middle market and growth oriented. Its stated focus is business services and tech-enabled services, and its deal team lists experience in consumer and residential services, commercial and industrial services, infrastructure and financial services. Its website shows two current holdings: Telle Tire & Auto Centers, a family-founded tire and auto repair chain based in St. Louis, and PHG Advisory, a New York firm offering fractional CFO, buy-side M&A and valuation services, which it backed in November 2025.

The firm does not publish revenue, EBITDA or check-size ranges. Most of its visible activity is building Telle Tire into a regional chain. Its site lists 18 add-on acquisitions for Telle, and trade reports put the chain at 84 locations by February 2026, up from 28 Missouri stores when the investment was announced. For a smaller tire or auto repair shop in the Midwest or South, the most likely way to deal with Next Horizon is as an add-on to Telle Tire.

Recent deals

Announced in the 24 months before October 26, 2026.

DateCompanyTypeSectorSource
Feb 2026Heartland Tire (Minnesota retail stores)11 Minnesota retail stores added to Telle Tire, with all 97 employees keptAdd-onAuto Services & CollisionSource
Jan 2026Jim Whaley Tires10-location Alabama tire dealer added to Telle Tire; the Jim Whaley brand stays in useAdd-onAuto Services & CollisionSource
November 2025PHG AdvisoryNew York provider of fractional CFO, buy-side M&A and valuation services; month taken from the firm's portfolio pageInvestmentAccounting & Professional ServicesSource
Sep 2025Burnett AutomotiveNine-store Kansas auto service group added to Telle Tire; the owners joined Telle's leadershipAdd-onAuto Services & CollisionSource
Dec 2024Telle Tire & Auto CentersGrowth investment in a 28-store Missouri tire and auto service chain, announced in December 2024; the firm dates the investment itself to April 2024PlatformAuto Services & CollisionSource

Portfolio by sector

From the firm's portfolio page S4.

Partnerships

  • Telle Tire & Auto Centers
  • PHG Advisory

Greymont’s take

How Next Horizon Capital fits a seller

Next Horizon matters most to owners of independent tire and auto repair shops. Telle Tire has been buying steadily since 2024, and the deals reported so far follow a pattern: the acquired shops keep their staff, and in the larger deals the sellers' leaders took roles in the combined company. Telle's fourth-generation CEO stayed in charge after Next Horizon invested, which may appeal to owners who care about keeping their culture.

Outside auto services the firm has only one other disclosed holding, so owners in other business services fields have little track record to judge it by. Two questions are worth asking early: will my shop keep its name, as Jim Whaley Tires did, or be rebranded as Telle, as Heartland's Minnesota stores were? And how long does Next Horizon expect to own Telle before it sells?

Questions owners ask

Does Next Horizon Capital buy tire and auto repair shops?

Yes, through Telle Tire & Auto Centers, its St. Louis tire and auto service platform. The firm's site lists 18 add-on acquisitions for Telle, including Burnett Automotive in Kansas, Jim Whaley Tires in Alabama and Heartland Tire's Minnesota retail stores.

When did Next Horizon invest in Telle Tire?

The investment was announced publicly on December 17, 2024. The firm's portfolio page and its July 2024 release on the Riechers Tire & Auto add-on both give April 2024 as the date it acquired Telle Tire.

Does the owner stay on after Next Horizon or Telle Tire buys a business?

In the Telle Tire deal, fourth-generation CEO Aaron Telle kept running the company. In later add-ons, Burnett Automotive's owners took leadership roles at Telle, and Jim Whaley Tires' head of operations stayed on to lead the Southeast market.

Sources

  1. S1Next Horizon Capital home page Accessed October 26, 2026
  2. S2Next Horizon: Our Approach Accessed October 26, 2026
  3. S3Next Horizon: Our Team Accessed October 26, 2026
  4. S4Next Horizon: Partnerships Accessed October 26, 2026
  5. S5Next Horizon: Telle Tire partnership page (investment date and add-on list) Accessed October 26, 2026
  6. S6Next Horizon: PHG Advisory partnership page Accessed October 26, 2026
  7. S7Telle Tire & Auto Centers Receives Growth Investment from Next Horizon Capital (December 17, 2024) Accessed October 26, 2026
  8. S8Next Horizon Completes Add-On Acquisition of Riechers Tire & Auto (July 1, 2024) Accessed October 26, 2026
  9. S9Next Horizon: News Accessed October 26, 2026
  10. S10Modern Tire Dealer: Telle Tire Brings on Private Equity Partner (June 5, 2025) Accessed October 26, 2026
  11. S11Modern Tire Dealer: Telle Tire Continues Expansion (September 4, 2025) Accessed October 26, 2026
  12. S12Modern Tire Dealer: Telle Tire Acquires Jim Whaley Tires (January 7, 2026) Accessed October 26, 2026
  13. S13Modern Tire Dealer: Telle Tire Expands Presence in Minnesota (February 10, 2026) Accessed October 26, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Next Horizon Capital. Figures are as reported on the dates shown and may have changed. Request a correction

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