Mavis Tire Express Services Corp., a leading provider of automotive repair and maintenance services and one of the largest independent tire and service providers in North America, recently announced it has completed the purchase of Midas from TBC Corporation. 

Financial terms of the transaction are not being disclosed.

With this acquisition, Mavis expands its retail network to more than 3,500 locations across the United States and Canada, including nearly 1,300 franchised locations. Midas will continue to operate as a standalone brand under the Mavis platform and maintain its headquarters in Palm Beach Gardens, Florida.

This transaction strengthens Mavis’s position as a provider of automotive repair and maintenance services, enabling the company to expand its presence within the dynamic North American automotive service repair industry, according to a statement from the company. 

“We are excited to officially welcome Midas to the Mavis family,” said David Sorbaro, co-chief executive officer, Mavis Tire Express Services Corp. “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.”

Mavis Tire Express Services Corp., based in White Plains, New York, offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. Mavis, which was founded in 1972 by Marion and Victor Sorbaro and has roots dating back to 1949.