NEW YORK—Covington is advising Mavis Tire Express Services Corp. in its acquisition of Midas from TBC Corporation.
Upon the closing of the transaction, Mavis’s retail footprint across its brands will span approximately 3,500 stores in 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. The closing is subject to customary terms and conditions set forth in the definitive acquisition agreement.
Mavis, based in White Plains, New York, is one of the largest independent tire and service providers in the United States, with more than 2,300 service centers across 38 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.
TBC is one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations. TBC serves wholesale customers in the United States, Canada, Mexico, and South America through TBC Brands, NTW, TBC International, and TBC de Mexico.
Midas, a subsidiary of TBC, is an award-winning franchise brand and provider of automotive repair and maintenance services at approximately 2,000 franchised and licensed Midas locations in nearly 20 countries, with nearly 1,200 franchised locations across the United States and Canada.
The Covington team included Stephen Infante, Allison Schiffman, Mel Kim, Colin Milon, Ethan White, Alexa Walker, and Louise Lu (corporate), Ansgar Simon and Brian Harris (tax), Jim O’Connell, Ross Demain, Stacy Kobrick, and Jaina Patel (antitrust), Jenna Wallace and Brady McDaniel (employee benefits), Jennifer Uren and Melanie Cook (debt finance), Thomas Brugato and Tyler Williams (environmental), Brandon Palmen, Marie Lavalleye, Rebecca Dalton, and Vesta Parvaresh (intellectual property), Libbie Canter, Ariel Dukes, and Bryan Ramirez (data privacy), Mona Patel (anti-corruption), and Seth Atkisson (trade control).
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