MILLWOOD, N.Y. — Mavis Discount Tire and Express Oil Change & Tire Engineers, two of the largest retail tire dealerships in the U.S., have agreed to merge their operations, creating a group with more than 830 locations in 24 states across the East Coast, South and Midwest.
The deal is being brokered by Golden Gate Capital, a San Francisco-based portfolio company that acquired Express Oil Change in 2017. Financial terms are not being disclosed.
Upon closing, the combined company will be led by Mavis' current co-CEOs David and Stephen Sorbaro, with Express Oil Change CEO Ricky Brooks becoming executive chairman.
"We are thrilled to partner with Express and Golden Gate Capital to create a leading company in the auto service industry in terms of service center footprint, financial strength and service quality," David Sorbaro said, calling Express Oil the "ideal partner as we continue to expand our footprint nationally."
He also said Mr. Brooks and the Express Oil team "share the same values of integrity, trust and outstanding customer service."