Covington Represents Mavis Tire in Acquisition by Investor Group
March 5, 2021
NEW YORK—Covington represented Mavis Tire Express Services in its acquisition by an investor group led by BayPine LP in partnership with TSG Consumer Partners LP and existing significant equity-holder West First Management, a holding company controlled by David and Stephen Sorbaro.
Golden Gate Capital, Mavis' current lead financial partner, will retain a minority interest in the company. Upon closing, David and Stephen Sorbaro will continue to serve as Co-Chief Executive Officers of the company, supported by a management team comprised of leaders from Mavis, Express Oil, Brakes Plus and Town Fair Tire.
Mavis Tire, based in Millwood, New York, is one of the largest independent tire and service providers in the United States, with more than 1,100 service centers across 27 states. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. Mavis was founded in 1972 by Marion and Victor Sorbaro.
The Covington team included Stephen Infante, Allison Schiffman, Kevin Silk, and Samantha Kobbe (corporate), Peter Schwartz and Jennifer Uren (debt finance), Kevin Zaragoza and Jon Endean (tax), Jenna Wallace and Christopher Lowther (employee benefits), Marie Lavalleye and Rebecca Dalton (intellectual property), Elizabeth Canter and James Yoon (privacy), and Thomas Brugato and Lindsay Brewer (environmental).
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