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Mavis Tire Categorical Solutions Corp. (Mavis Discount Tire) announced that it has agreed to acquire Tuffy Tire & Vehicle Assistance Facilities. Tuffy’s CEO and President, Roger Hill, will be part of the leadership team of the mixed business, Mavis stated. The transaction is predicted to near before the finish of 2021. Terms of the transaction were not disclosed.
Started in 1970, Tuffy’s products and support offerings include things like brakes, shocks, tires, tune-ups, oil improve, preventative routine maintenance and transmission fix. With the addition of Tuffy’s 165 service facilities throughout the Midwest, South and Southeast United States, the mixed firm will serve buyers across far more than 1,200 places in 35 states, Tuffy reported. Tuffy will keep on being headquartered in Toledo, Ohio, and its far more than 140 franchisee-owned suppliers will proceed to be owned and operated by their respective franchisees.
“This mixture unites two finest-in-class tire and vehicle company centers with major expert services and capabilities across the United States,” stated David Sorbaro, Co-CEO of Mavis. “We seem ahead to functioning alongside the gifted staff at Tuffy as we carry on to execute on our growth approach, establish and scale our put together system and present exceptional buyer assistance.”
“At Tuffy, we are dedicated to delivering the finest automotive restore service in the business, and teaming up with Mavis will let us to grow our achieve and go on our potent dedication to deep craftsmanship,” said Roger Hill. “Over the previous 50 many years, Tuffy has developed to turn out to be a person of the major automotive repair service franchises in the nation, and we are psyched to turn into portion of another hugely-revered organization in our industry.”
In March this calendar year, Mavis switched private fairness hands from Golden Gate Funds to an trader group led by BayPine LP, in partnership with TSG Client Companions LP with present considerable fairness-holder West Initial Administration, a keeping enterprise controlled by David and Stephen Sorbaro.
Covington & Burling LLP served as legal counsel to Mavis. Spengler Nathanson served as authorized counsel to Tuffy, and Jon Molayem and Robert Cross of Acquivest Fiscal Group acted as money advisors to Tuffy.
Mavis Tire Convey Companies Corp., primarily based in Millwood, New York, is one particular of the major independent tire and provider vendors in the United States, with makes and a lot more than 1,100 provider centers throughout the U.S. In addition to its core presenting of tires from more than 20 major manufacturers, Mavis provides a menu of repair and upkeep products and services. The firm was established in 1972 by Marion and Victor Sorbaro and has roots relationship back to 1949.
Tuffy operates and franchises 165 Tuffy Tire & Auto Services Centers in Alabama, Florida, Illinois, Indiana, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Ohio, South Carolina, Texas, Virginia and Wisconsin.