Mavis Tire Express to be Acquired by Investor Group - Tire Review Magazine

Mavis Tire Express to be Acquired by Investor Group

Since 2015, Mavis has added approximately 1,000 service centers to its growing network of stores.

An investor group led by BayPine LP, in partnership with TSG Consumer Partners LP (“TSG”) and existing significant equity-holder West First Management (“WFM”), a holding company controlled by David and Stephen Sorbaro, have entered into a definitive agreement to acquire Mavis Tire Express Services Corp. (“Mavis”). Golden Gate Capital, Mavis’ current lead financial partner, will retain a minority interest in the company.

Upon closing, David and Stephen Sorbaro will continue to serve as co-chief executive officers of Mavis, supported by a management team comprised of leaders from Mavis, Express Oil, Brakes Plus and Town Fair Tire.

Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed.

Founded in 1972 by the Sorbaro family, and with roots dating back to 1949, Mavis is an independent tire dealer and automotive aftermarket service provider with more than 1,100 service centers primarily in the Northeast, Midwest and Southern United States. Mavis has grown its platform through acquisitions in recent years, including the November 2020 merger with Town Fair Tire, a business in New England. Since 2015, Mavis has added approximately 1,000 service centers to its growing network of stores.

You May Also Like

PRT launches 59 new complete strut assemblies

Extending PRT’s product portfolio in North America, the new release represents nearly 12M vehicles in new coverage.

PRT-Strut

PRT has launched 59 new complete strut assemblies for the North American market. The launch includes application coverage for Nissan Frontier, Toyota Highlander and Mercedes E-Class models, in addition to brand-new applications, such as the Dodge Durango 2022, the Ram ProMaster City 2022, and the Mazda CX-9 2022, among others, according to PRT.

Tire Discounters partners with the Atlanta Braves for home run promotion

For every home run hit by the Braves this year in a game, Tire Discounters will give fans discounts on Goodyear/Cooper tires.

Michelin sponsors WWII vets’ return to Normandy for D-Day 80th anniversary

WWII vets will participate in several parades, ceremonies and celebrations during their 10-day tour of the Normandy region.

Michelin-DAL_NORMANDY
McCarthy Tire Service partners with Truckers Against Trafficking

McCarthy Tire Service has launched a company policy aimed at identifying and reporting potential human trafficking situations.

McCarthy-tire-TAT

Other Posts

TIA’s EV Advisory Council tours Midtronics HQ

The agenda included a council meeting, a facility tour and a demonstration led by the Midtronics EV platform team.

TIA-Midtronics-tour
Anyline to host the T.I.R.E. Summit

The event will include panel discussions on technology and innovation in the industry.

Anyline-TIRE-summit
Radar Tires signs multi-year contract with Singapore Golf Association

Omni United said this partnership with SGA is part of its commitment to nurturing upcoming talent in Singapore.

Radar-Tyres-SGA
Yokohama to supply Geolandar tires as OE on Toyota Land Cruiser SUVs

Geolandar X-CV and Geolandar A/T G31 tires are being supplied for the 250 series Land Cruiser.

Yokohama-Geolander