July 18, 2024

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Mavis Tire Express Acquires Tuffy Tire & Auto’s 165 Locations

Mavis Tire Express Acquires Tuffy Tire & Auto’s 165 Locations

Mavis Tire Specific Expert services Corp. (Mavis Price reduction Tire) announced that it has agreed to receive Tuffy Tire & Auto Services Centers. Tuffy’s CEO and President, Roger Hill, will be a part of the leadership workforce of the mixed corporation, Mavis claimed. The transaction is expected to close ahead of the end of 2021. Conditions of the transaction were not disclosed.

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Started in 1970, Tuffy’s product and assistance offerings involve brakes, shocks, tires, tune-ups, oil improve, preventative maintenance and transmission maintenance. With the addition of Tuffy’s 165 support centers across the Midwest, South and Southeast United States, the combined firm will provide buyers across much more than 1,200 destinations in 35 states, Tuffy reported. Tuffy will stay headquartered in Toledo, Ohio, and its much more than 140 franchisee-owned merchants will carry on to be owned and operated by their respective franchisees.

“This mixture unites two finest-in-course tire and auto company facilities with foremost services and capabilities across the United States,” reported David Sorbaro, Co-CEO of Mavis. “We seem ahead to operating along with the gifted crew at Tuffy as we carry on to execute on our growth plan, make and scale our mixed platform and give superb shopper provider.”

“At Tuffy, we are dedicated to supplying the ideal automotive repair services in the market, and teaming up with Mavis will allow us to develop our attain and continue on our powerful determination to deep craftsmanship,” stated Roger Hill. “Over the past 50 years, Tuffy has grown to turn out to be one particular of the greatest automotive mend franchises in the place, and we are enthusiastic to turn out to be part of yet another highly-highly regarded group in our business.”

In March this yr, Mavis switched private equity palms from Golden Gate Capital to an investor group led by BayPine LP, in partnership with TSG Buyer Companions LP with current significant fairness-holder West 1st Management, a holding organization controlled by David and Stephen Sorbaro.

Covington & Burling LLP served as lawful counsel to Mavis. Spengler Nathanson served as lawful counsel to Tuffy, and Jon Molayem and Robert Cross of Acquivest Financial Team acted as money advisors to Tuffy.

Mavis Tire Specific Solutions Corp., centered in Millwood, New York, is just one of the biggest independent tire and provider suppliers in the United States, with brands and more than 1,100 support facilities across the U.S. In addition to its main offering of tires from around 20 key brands, Mavis presents a menu of mend and servicing products and services. The firm was launched in 1972 by Marion and Victor Sorbaro and has roots dating back again to 1949.

Tuffy operates and franchises 165 Tuffy Tire & Vehicle Support Centers in Alabama, Florida, Illinois, Indiana, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Ohio, South Carolina, Texas, Virginia and Wisconsin.