M&A Deal Summary

TBC Acquires Midas

On May 1, 2012, TBC acquired automotive company Midas for 310M USD

Acquisition Highlights
  • This is TBC’s 1st transaction in the Automotive sector.
  • This is TBC’s largest (disclosed) transaction.
  • This is TBC’s 1st transaction in the United States.
  • This is TBC’s 1st transaction in Illinois.
Investment Fate
  • Midas was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary

Date 2012-05-01
Target Midas
Sector Automotive
Buyer(s) TBC
Deal Type Add-on Acquisition
Deal Value 310M USD

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

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: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-16 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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