Mavis Tire Express Services Corp. is buying Tuffy Tire & Auto Service Centers, a business with both corporate-owned and franchise locations across the U.S. The addition of 165 Tuffy stores to the Mavis portfolio gives it more than 1,200 automotive locations in 35 states.
Tuffy’s CEO and President Roger Hill will join the leadership team of the combined company. The brand's headquarters will remain in Toledo, Ohio.
Tuffy's has 165 service centers in the Midwest, South and Southeast. The bulk of those — 140-plus — are franchise-owned stores and will continue to be owned and operated by their respective franchisees.
“This combination unites two best-in-class tire and auto service centers with leading services and capabilities across the United States,” says David Sorbaro, co-CEO of Mavis. “We look forward to working alongside the talented team at Tuffy as we continue to execute on our growth plan, build and scale our combined platform and provide excellent customer service.”
Hill says, “At Tuffy, we are committed to providing the best automotive repair service in the industry, and teaming up with Mavis will allow us to expand our reach and continue our strong commitment to deep craftsmanship. Over the past 50 years, Tuffy has grown to become one of the largest automotive repair franchises in the country, and we are excited to become part of another highly-respected organization in our industry.”
The transaction is expected to close before the end of 2021. Terms of the transaction were not disclosed.
Covington & Burling LLP served as legal counsel to Mavis. Spengler Nathanson served as legal counsel to Tuffy, and Jon Molayem and Robert Cross of Acquivest Financial Group acted as financial advisors to Tuffy.
