M&A Deal Summary

Mavis Discount Tire Acquires Midas

On June 16, 2025, Mavis Discount Tire acquired automotive company Midas from TBC

Acquisition Highlights
  • This is Mavis Discount Tire’s 2nd transaction in the Automotive sector.
  • This is Mavis Discount Tire’s 2nd transaction in the United States.
  • This is Mavis Discount Tire’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-06-16
Target Midas
Sector Automotive
Buyer(s) Mavis Discount Tire
Sellers(s) TBC
Deal Type Divestiture

Target

Midas

Itasca, Illinois, United States
Midas is a franchise brand and provider of automotive repair and maintenance services at approximately 2,000 franchised and licensed Midas locations in nearly 20 countries, with approximately 1,200 across the United States and Canada. Midas is known for its industry-leading guarantees. Midas was founded in 1954 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Mavis Discount Tire

Millwood, New York, United States

Category Company
Founded 1972
Sector Automotive
DESCRIPTION

Mavis Discount Tire is an independent tire and service provider in the United States, with more than 1,100 service centers across 27 states. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. Mavis Discount Tire was founded in 1972 and is based in Millwood, New York.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Tuffy Tire & Auto Service

Toledo, Ohio, United States

Tuffy Tire & Auto Service is an automotive repair service business with both corporate-owned and franchise locations across the U.S. Tuffy Tire & Auto Service is based in Toledo, Ohio.

Buy -

Seller(S) 1

SELLER

TBC

Palm Beach Gardens, Florida, United States

Category Company
Founded 1956
Sector Automotive
DESCRIPTION

TBC Corporation is a marketer of automotive replacement tires through wholesale and franchise operations. TBC serves wholesale customers in the United States, Canada, Mexico and South America, through TBC Brands, NTW, TBC International, and TBC de Mexico. TBC Corporation was formed in 1956 and is headquartered in Palm Beach Gardens, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Midas

Itasca, Illinois, United States

Midas is a franchise brand and provider of automotive repair and maintenance services at approximately 2,000 franchised and licensed Midas locations in nearly 20 countries, with approximately 1,200 across the United States and Canada. Midas is known for its industry-leading guarantees. Midas was founded in 1954 and is based in Itasca, Illinois.

Buy $310M