Mavis Tire Express Services Corp. recently announced it is acquiring auto repair giant Midas.

Terms of the deal, which is expected to close during this the second quarter of the year, were not disclosed. 

Midas provides automotive repair and maintenance services at about 2,000 franchised and licensed stores in some 20 countries, including nearly 1,200 franchised locations across the U.S. and Canada.

 The purchase will increase the number of Mavis stores to 3,500 in the U.S. and Canada, including nearly 1,300 franchised locations. 

Midas will continue to operate as a standalone brand and maintain its headquarters in Palm Beach Gardens, Florida. 

 “We are thrilled to acquire Midas, as it adds another highly regarded brand to our portfolio and represents a compelling opportunity to expand into attractive new markets,” said David Sorbaro, co-chief executive officer, Mavis Tire Express Services Corp. “Mavis has a strong track record of helping brands grow and working collaboratively with franchisees, and we are confident that Midas’s customers will continue to receive the same high-quality experience and service that they have come to expect.