Mavis Tire Expands Footprint Across North America with Completion of Midas Acquisition from TBC Corporation
Mavis Tire Express Services Corp. (“Mavis”), one of North America’s largest independent tire and automotive service providers, has officially announced the completion of its acquisition of Midas from TBC Corporation (“TBC”). While the financial terms of the deal remain undisclosed, the transaction represents a transformative move in Mavis’s ongoing strategy to scale its national presence and enhance its service portfolio.
Midas, a well-known and trusted brand in automotive repair and maintenance, has a longstanding reputation in the North American market. With this acquisition, Mavis is incorporating a brand that boasts a wide franchise network and decades of customer loyalty. The move not only adds significant brand value to Mavis’s portfolio but also strengthens its competitive positioning in the ever-evolving automotive aftermarket services industry.
A Landmark Expansion
Through the Midas acquisition, Mavis has expanded its retail network to more than 3,500 service locations across the United States and Canada. Of these, nearly 1,300 are franchised Midas locations, further diversifying Mavis’s business model and revenue streams. This strategic scale-up underscores Mavis’s commitment to delivering comprehensive automotive solutions across an expansive geographic footprint.
While Midas will now operate under the Mavis corporate platform, it will continue functioning as a distinct and standalone brand. Its operational base will remain in Palm Beach Gardens, Florida, preserving brand continuity and minimizing disruption for its existing franchisees and customers.
This acquisition marks one of the most significant steps in Mavis’s strategic growth plan to date. By integrating a globally recognized automotive service brand, the company is poised to meet rising consumer demand for high-quality, accessible vehicle maintenance services across a broader range of markets.
Strengthening Market Position in a Competitive Landscape
Mavis has grown steadily in recent years through a combination of organic expansion and targeted acquisitions. The Midas deal is consistent with its disciplined approach to scaling operations while maintaining service excellence. By leveraging Midas’s extensive franchise base and brand equity, Mavis gains access to new customer segments and high-traffic retail locations.
The North American automotive service and repair market is becoming increasingly fragmented and competitive, as customers seek faster, more reliable service providers amid a growing number of vehicle models and technologies. In this context, Mavis’s acquisition of Midas enhances its ability to compete by offering a broad spectrum of services—ranging from tire replacement and brake repair to oil changes and general maintenance—under a variety of trusted banners.
“This transaction strengthens Mavis’s position as a leading provider of automotive repair and maintenance services across North America,” said a company spokesperson. “It also provides an opportunity to leverage Midas’s legacy, talented workforce, and franchise network to build on its existing success.”
Executive Leadership’s Vision for Growth
Commenting on the acquisition, David Sorbaro, Co-Chief Executive Officer of Express Services Corp., emphasized the strategic significance of the deal.
“We are excited to officially welcome Midas to the Mavis family,” said Sorbaro. “This transaction reflects our ongoing commitment to expanding our portfolio of respected brands and establishing our presence in compelling new markets. We’re excited to partner with Midas’s talented team and franchisees to build on their legacy of exceptional service and to drive the next chapter of growth together.”
Sorbaro’s remarks reflect a broader vision of creating a more unified and far-reaching automotive service enterprise. As vehicle ownership patterns evolve and consumer expectations shift toward convenience and quality, Mavis aims to remain a leader in delivering consistent, high-performance service offerings across all of its locations.
Franchise Support and Operational Integration
A key aspect of this acquisition is Mavis Tire commitment to preserving the autonomy and integrity of the Midas brand, particularly its franchised operations. By keeping Midas’s headquarters in Palm Beach Gardens and allowing the brand to operate independently, Mavis sends a strong message to franchisees and partners that it values local relationships and established customer trust.
The company has signaled that it will provide Midas franchisees with additional operational support and access to Mavis’s centralized systems, supply chain capabilities, and customer service infrastructure. These resources will enable franchise operators to enhance efficiency and deliver even higher levels of service to their customers.
For Mavis, integration of a franchise-heavy Mavis Tire operation like Midas also brings a new dimension to its organizational model, which has traditionally focused on company-owned stores. This shift presents new opportunities—and challenges—for leadership as they seek to harmonize operational practices while respecting the unique attributes of each brand within the broader platform.
Industry and Strategic Advisors
In facilitating the transaction, Mavis relied on Mavis Tire expert guidance from leading advisory firms. Jefferies LLC acted as the exclusive financial advisor to Mavis, while Covington & Burling LLP served as legal counsel. Their involvement underscores the scale and complexity of the deal and highlights Mavis’s commitment to responsible, strategically guided growth.
The acquisition also follows a broader trend in the automotive aftermarket industry, where consolidation has become increasingly common as players seek to build national networks and enhance their economies of scale. As the industry continues to evolve—particularly with the growing influence of electric vehicles, digital diagnostics, and AI-driven service platforms—companies like Mavis are positioning themselves to lead the next wave of innovation and customer engagement.
The completion of this acquisition sets the stage for a new chapter in Mavis Tire’s corporate journey. With the integration of Midas, the company gains not only a venerable brand but also a wealth of operational expertise, customer loyalty, and nationwide visibility. Mavis is now better equipped than ever to meet the needs of today’s vehicle owners, whether they’re driving gas-powered sedans, hybrid SUVs, or the latest electric models.
Looking ahead, Mavis plans to continue Mavis Tire evaluating acquisition opportunities that align with its values, service standards, and market ambitions. As part of its long-term vision, the company remains focused on expanding its reach while upholding the core principles that have made it one of the most trusted names in automotive service.
By bringing Midas into its family of brands,Mavis Tire is making a clear statement: it is ready to lead in a future where service quality, national scale, and brand trust are the key drivers of success in the automotive aftermarket sector.
