Mavis Discount Tire to Double Size with STS Acquisition - Tire Review Magazine

Mavis Discount Tire to Double Size with STS Acquisition

MavisDiscount_InsideIn what is certainly the single largest acquisition of its kind, Tire Review has learned from multiple sources that Millwood, N.Y.-based Mavis Discount Tire has purchased Somerset Tire Service Inc., based in Bridgewater, N.J.

Somerset Tire, better known as STS Tire & Auto Centers, has 155 retail locations and seven wholesale centers, across New Jersey, eastern New York and eastern Pennsylvania.

Mavis Discount Tire has 167 retail locations across much of New York state, and into parts of New Jersey, Connecticut, Massachusetts and Pennsylvania.

Once consummated, the mega-deal would make Mavis Discount Tire the fourth largest independent tire dealer in the U.S., with 322 retail locations and seven wholesale warehouses.

The deal was apparently struck during the first week of July, and is set to close 60 days from that point.

Tire Review reached out to and left telephone messages for both Bill Caulin, president of Somerset Tire Service, and David Sorbaro, co-owner of Mavis Discount Tire, seeking comment, but they had not responded by press time.

Mavis Discount Tire started its business life in 1949 as Vic’s Cycle Shop, a bicycle sales and repair business started by Victor and Marion Sorbaro. Within a few years, the shop became heavily involved in auto tires, and in 1965, the name was changed to Vic the Tire King.

By 1968, the business moved into its first full retail tire and service center, and in 1972 changed its name to Mavis Tire Supply Corp. In 1988, the business was passed on to sons, David and Stephen, who continue as co-owners today.

STS Tire & Auto Centers was founded in 1958 in Somerset County, N.J. By the early 1980s, the original store in East Brunswick expanded to 20 stores. A series of acquisitions, including that of 17 WTC Tire & Auto Centers across Long Island, catapulted STS’s rapid growth. The dealership is 100% owned by its employees in an ESOP.

 

 

You May Also Like

Net Driven acquires CarCareConnect

With this acquisition, CarCareConnect customers will gain access to Net Driven’s suite of digital storefront and digital marketing solutions.

Handshake agreement

Net Driven, a provider of digital solutions for the tire and service industry, has acquired CarCareConnect. With this acquisition, CarCareConnect customers will gain access to Net Driven's suite of digital storefront and digital marketing solutions, including "industry-tailored" websites, search engine marketing (SEM), social media management and reputation management, Net Driven said.

Autel Energy Showcases EV Charging Solutions, Electrified Bronco at CES

At CES, Autel Energy showcased its suite of EV charging solutions and an electrified 1969 Ford Bronco.

Autel-U.S.-Enters-EV-Charging-solutions-Industry
2019 Newsmakers: Bridgestone Americas

Nearly all products in the Firestone family of tires have been upgraded over the past three years, and Bridgestone is on track to have all of its consumer tire portfolio across both the Bridgestone and Firestone brands either upgraded or replaced by the end of 2020.

Bridgestone-Newsmakers-800x400
2019 Newsmakers: Nokian Tyres

Nokian Tyres opened its first U.S. manufacturing facility and launched numerous new products. See what’s in store for 2020.

Newsmakers-Nokian-800x400
2019 Newsmakers: Nexen Tire America

Nexen Tire opened its North American Technology Center and debuted the Roadian GTX. Find out what’s in store for 2020.

Nexen-Newsmakers-800x400

Other Posts

Hankook Tire America recalls select Kinergy GT tires

Certain Kinergy GT tires, size 235/60R18H H436, are missing the missing the four-digit week and year code mark.

Recall
TRIB’s new website offers tailored services for members

One of the highlights of the redesigned website is the introduction of the retread environmental savings calculator.

TRIB-new-website
RNR Tire Express to give away NASCAR tickets for Father’s Day promotion

The RNR team will be taking submissions until midnight on Sunday, June 16.

RNR Tire Express
CMA, Double Coin launch dealer portal

This platform provides real-time information and navigation tools for CMA customers to access information and place orders.

CMA_Dealer-Portal