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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