Mavis Expands Retail Footprint with Midas Acquisition
Deal News | Jun 16, 2025 | BayPine
Mavis Tire Express Services Corp. has announced the successful acquisition of Midas from TBC Corporation, significantly expanding its retail footprint to over 3,500 locations across the United States and Canada. The acquisition enhances Mavis position as a leading provider of automotive repair and maintenance services in North America. Midas, known for its strong brand and presence in the automotive service industry, will continue to operate under its own branding while being integrated into the Mavis platform. The move aligns with Mavis strategic growth plan to broaden its service offering and increase market presence. The deal was facilitated by financial advisor Jefferies LLC and legal counsel Covington & Burling LLP, although financial terms were not disclosed.
Sectors
- Automotive Repair and Maintenance
- Private Equity
Geography
- United States – Mavis is based in New York, and many of its service centers are located across the United States.
- Canada – The acquisition expands Mavis's footprint to include locations in Canada, alongside those in the United States.
Industry
- Automotive Repair and Maintenance – The article discusses the acquisition of Midas, a leading provider of automotive repair and maintenance services, by Mavis Tire Express Services Corp.
- Private Equity – BayPine is mentioned as the PE firm backing Mavis, highlighting the relevance of private equity in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mavis Tire Express Services Corp. | Acquirer | Company | A leading provider of automotive repair and maintenance services in North America. |
| Midas | Target | Company | A globally recognized automotive service brand operating franchised and licensed locations in the US and internationally. |
| TBC Corporation | Vendor | Company | The company that sold Midas to Mavis. |
| Jefferies LLC | Financial Advisor | Company | Acted as the exclusive financial advisor to Mavis in the transaction. |
| Covington & Burling LLP | Legal Advisor | Company | Served as legal counsel to Mavis during the transaction. |
| BayPine | Private Equity Firm | Company | The private equity firm backing Mavis. |