AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Mavis Tire Completes Acquisition of Midas from TBC Corporation
ByAinvest
Monday, Jun 16, 2025 9:39 am ET1min read
Mavis Tire Express Services Corp. has completed the acquisition of Midas from TBC Corporation. The deal adds Midas's 2,000 franchised and licensed locations across nearly 20 countries to Mavis's existing network of over 3,500 locations in North America. Midas will operate as a standalone brand under the Mavis platform. The acquisition strengthens Mavis's position as a leading provider of automotive repair and maintenance services in North America.
Mavis Tire Express Services Corp. has completed the acquisition of Midas from TBC Corporation, significantly expanding its retail footprint. The deal adds Midas's 2,000 franchised and licensed locations across nearly 20 countries to Mavis's existing network of over 3,500 locations in North America. Midas will continue to operate as a standalone brand under the Mavis platform.The acquisition marks a strategic move for Mavis, which aims to strengthen its position as a leading provider of automotive repair and maintenance services in North America. With this deal, Mavis's retail network now includes nearly 1,300 franchised locations, further solidifying its market presence.
Mavis Tire Express Services Corp. is based in White Plains, New York, and is known for its extensive service centers and strong reputation for customer service. Midas, headquartered in Palm Beach Gardens, Florida, is an award-winning franchise brand with a robust presence in North America and globally.
The transaction, which was advised by Jefferies LLC and Covington & Burling LLP, reflects Mavis's commitment to expanding its portfolio of respected brands and entering compelling new markets. Mavis's Co-Chief Executive Officer, David Sorbaro, expressed excitement about the acquisition, emphasizing the potential for growth and the partnership with Midas's talented team and franchisees.
Financial terms of the transaction remain undisclosed. The acquisition is part of Mavis's strategic growth plan and disciplined approach to expansion, which includes evaluating opportunities to add complementary locations to its platform.
References:
[1] https://www.bakersfield.com/ap/news/mavis-tire-completes-acquisition-of-midas-from-tbc-corporation/article_36d31e29-330a-5069-9b8a-1b8c4d1276f7.html
[2] https://www.businesswire.com/news/home/20250615743241/en/Mavis-Tire-Completes-Acquisition-of-Midas-from-TBC-Corporation
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet