Investor Group to Acquire Mavis Tire Express

Deal to Close During Second Quarter, Includes More Than 1,000 Stores

A group of investors led by BayPine LP - in partnership with TSG Consumer Partners LP and a holding company controlled by David and Stephen Sorbaro - have entered into an agreement to acquire Mavis Tire Express Services Corp. for an undisclosed amount. The deal is expected to close during the second quarter of 2021.

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Point S map

Point S: 'Growing in the Year of the Pandemic'

Point S tire dealers in the U.S. had their best year ever in 2020. They sold 19% more tire units than the previous year and increased their overall sales by 20%. The cooperative added a record number of stores, expanded into five new states and bought its second wholesale operation in two years.

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Best One

No Debate Here: Dealership Moves Ahead with Wage Hike

As arguments for and against boosting the minimum wage continue in Washington D.C., a tire dealership in Fort Wayne, Ind., decided that it didn't need to wait for a legislative resolution. Effective March 1, all full-time employees at McMahon’s Best-One Tire now earn at least $15 an hour. And Kim McMahon, one of the dealership’s three owners, couldn’t be happier.

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