Mavis Acquires NTB and Tire Kingdom Company-Owned Retail Stores from TBC Corporation

May 22, 2023

Mavis Tire Express Services Corp. agreed to acquire TBC Corporation's company-owned retail portfolio, comprising 392 NTB Tire & Service Centers and 203 Tire Kingdom Service Centers, expanding Mavis's retail footprint. The deal allows TBC to focus on its wholesale, distribution and franchise businesses while Mavis accelerates its growth and geographic expansion across the Midwest, mid-Atlantic, Florida and Texas; financial terms were not disclosed.

Buyers
Mavis Tire Express Services Corp.
Targets
NTB (company-owned retail portfolio), Tire Kingdom (company-owned retail portfolio)
Sellers
TBC Corporation
Industry
Retail
Location
Florida, United States
Transaction Type
Divestiture

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