M&A Deal Summary

Mavis Tire Supply Acquires Somerset Tire Service

On August 5, 2015, Mavis Tire Supply acquired retailer Somerset Tire Service for 48M USD

Acquisition Highlights
  • This is Mavis Tire Supply’s 1st transaction in the Retail sector.
  • This is Mavis Tire Supply’s largest (disclosed) transaction.
  • This is Mavis Tire Supply’s 1st transaction in the United States.
  • This is Mavis Tire Supply’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-08-05
Target Somerset Tire Service
Sector Retail
Buyer(s) Mavis Tire Supply
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

Somerset Tire Service

Bridgewater, New Jersey, United States
Somerset Tire Service, Inc. (STS Tire & Auto Centers) is a tire and automotive service company.

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Buyer(S) 1

Buyer

Mavis Tire Supply

Millwood, New York, United States

Category Company
Founded 1949
Sector Retail
DESCRIPTION

Mavis Discount Tire is an independent tire retailer and wholesaler.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1