MILLWOOD, N.Y. (Dec. 3, 2008) — Mavis Discount Tires has expanded its retail presence into western New York and Pennsylvania with the late November purchase of Cole Muffler Inc., a chain of 47 automotive repair locations.
The acquisition, along with four Mavis store openings in New York and one in Connecticut in recent weeks, boosts Mavis' network of automotive service outlets to 108, including its first locations in Pennsylvania: five Cole stores in the Scranton and Wilkes-Barre area.
The Cole Muffler purchase closed Nov. 22 for an undisclosed price.
With one exception, the Cole Muffler locations are all west of Mavis' previous market footprint, stretching as far as Niagara Falls, N.Y. Mavis' 61 tire outlets are concentrated on Long Island and up the Hudson River Valley.
Mavis intends to continue operating the Cole Muffler shops under that name for the foreseeable future, according to David Sorbaro, Mavis co-owner. The shops specialize in exhaust and brake work and oil changes and are all New York state inspection stations.
Mr. Sorbaro said negotiations for the purchase lasted only a matter of weeks. Cole Muffler founder Donald Cole and his partner Bill Davendorf are both in their late 70s and had been looking for an acceptable exit strategy. Mr. Cole started in the automotive repair business in the 1950s in Fulton, N.Y., and expanded into mufflers in the 1960s in partnership with Mr. Davendorf, a local car dealer.
Mr. Sorbaro declined to comment on the revenue potential the Cole stores bring or the value of the transaction, other than to say it was “very cost effective” vs. opening new stores. The deal includes ownership of all the Cole properties, a business strategy Cole Muffler had in common with Mavis, he added.
The company operates 58 Mavis Tire stores in New York, two in Connecticut and one in Massachusetts. In the past few months the company opened stores in Islandia, Milton, Vails Gate and Saratoga, N.Y., and Pittsfield, Mass. It has stores under construction in Bayshore and East Greenbush, N.Y., and another dozen or so properties under development, Mr. Sorbaro said.