The two dealerships were ranked sixth and seventh among U.S. independent tire retailers on Tire Business' 2014 ranking. STS was employee-owned.
“We've always had tremendous respect for STS,” said David Sorbaro, Mavis' co-CEO. “They've been our competitor for more than three decades and we admire their commitment to providing great customer service.”
Mr. Sorbaro, who runs Mavis with his brother Stephen, said Mavis is looking forward “to building on [STS's] great reputation to enhance a best-in-class tire retailer.”
Together, the combined business will have 324 retail stores in three states, nine wholesale locations and approximately 2,800 employees.
Mr. Sorbaro said the dealership expects “to grow all three areas significantly over the next several years.”Mavis did not say whether it would keep the STS name.