Mavis Tire Completes Acquisition of Midas from TBC Corporation

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