TBC Corporation has agreed to divest its retail portfolio, including 392 NTB and 203 Tire Kingdom locations, to Mavis Tire Express Services Corp., allowing both companies to focus on their core business areas and drive growth.

Target Information

Mavis Tire Express Services Corp. ("Mavis") is set to acquire a substantial portfolio of retail tire and service centers from TBC Corporation ("TBC"). This transaction includes 392 NTB Tire and Service Centers alongside 203 Tire Kingdom Service Centers, significantly enhancing Mavis's market presence. Through this acquisition, Mavis aims to leverage TBC's existing operations to strengthen its service platforms and expand its reach across several key regions.

TBC Corporation is a major player in the mobility solutions sector in North America, known for its comprehensive service offerings and retail tire distribution. By divesting its company-owned retail locations, TBC intends to shift its strategic focus toward its wholesale and franchise businesses, which include the revered Midas and Big O Tires brands.

Industry Overview

The tire and automotive service industry in the United States, particularly in states like Florida, Texas, and across the Midwest and mid-Atlantic regions, is witnessing robust growth due to increased consum