Mavis Tire Express Companies Corp. (Mavis Discount Tire) declared that it has agreed to obtain Tuffy Tire & Auto Assistance Centers. Tuffy’s CEO and President, Roger Hill, will be part of the leadership staff of the put together company, Mavis reported. The transaction is predicted to shut ahead of the close of 2021. Phrases of the transaction ended up not disclosed.
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Launched in 1970, Tuffy’s merchandise and support choices involve brakes, shocks, tires, tune-ups, oil transform, preventative maintenance and transmission restore. With the addition of Tuffy’s 165 assistance facilities across the Midwest, South and Southeast United States, the put together enterprise will provide customers throughout extra than 1,200 areas in 35 states, Tuffy explained. Tuffy will continue to be headquartered in Toledo, Ohio, and its a lot more than 140 franchisee-owned shops will continue on to be owned and operated by their respective franchisees.
“This mix unites two very best-in-course tire and vehicle provider centers with foremost solutions and abilities throughout the United States,” said David Sorbaro, Co-CEO of Mavis. “We look ahead to doing work along with the gifted workforce at Tuffy as we keep on to execute on our development strategy, construct and scale our blended system and provide outstanding consumer provider.”
“At Tuffy, we are dedicated to furnishing the best automotive repair service services in the sector, and teaming up with Mavis will allow for us to expand our get to and carry on our robust dedication to deep craftsmanship,” explained Roger Hill. “Over the earlier 50 many years, Tuffy has developed to come to be just one of the biggest automotive restore franchises in the country, and we are fired up to become section of an additional remarkably-highly regarded corporation in our business.”
In March this 12 months, Mavis switched private equity hands from Golden Gate Capital to an trader team led by BayPine LP, in partnership with TSG Consumer Partners LP with existing significant equity-holder West First Management, a holding firm managed by David and Stephen Sorbaro.
Covington & Burling LLP served as lawful counsel to Mavis. Spengler Nathanson served as legal counsel to Tuffy, and Jon Molayem and Robert Cross of Acquivest Fiscal Group acted as fiscal advisors to Tuffy.
Mavis Tire Express Services Corp., centered in Millwood, New York, is a person of the premier impartial tire and support suppliers in the United States, with models and more than 1,100 assistance facilities throughout the U.S. In addition to its core giving of tires from over 20 important makes, Mavis presents a menu of repair and maintenance companies. The enterprise was started in 1972 by Marion and Victor Sorbaro and has roots courting back to 1949.
Tuffy operates and franchises 165 Tuffy Tire & Vehicle Assistance Facilities in Alabama, Florida, Illinois, Indiana, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Ohio, South Carolina, Texas, Virginia and Wisconsin.