TBC Corporation has divested its retail portfolio to Mavis Tire Express Services Corp., transferring 595 service centers while continuing to provide wholesale tire distribution.

Information on the Target

TBC Corporation, headquartered in Palm Beach Gardens, Florida, is recognized as one of North America's foremost providers of mobility solutions. The company has a diverse portfolio that includes a range of retail operations aimed at serving the automotive service needs of customers. This latest transaction involves the divestiture of TBC’s company-owned retail segment, which encompasses NTB Tire and Service Centers and Tire Kingdom Service Centers, to Mavis Tire Express Services Corp.

Under this agreement, TBC has transferred ownership of 392 NTB Tire and Service Centers and 203 Tire Kingdom Service Centers to Mavis. As part of the ongoing relationship, TBC will continue to supply wholesale and tire distribution services to Mavis's expansive network of approximately 2,000 retail locations.

Industry Overview in the United States

The automotive service industry in the United States has experienced significant evolution over recent years, marked by increasing consumer demand for reliable maintenance and repair services. As vehicles become more comp