An investor group led by BayPine, in partnership with TSG Consumer Partners (TSG) and existing significant equity-holder West First Management (WFM), is to acquire Mavis Tire Express Services Corp (Mavis), one of the largest independent automotive service platforms in the United States.
Upon closing, David and Stephen Sorbaro will continue to serve as Co-Chief Executive Officers of the Company, supported by a management team comprised of leaders from Mavis, Express Oil, Brakes Plus and Town Fair Tire, all adding significant industry operating expertise.
“Mavis is a clear leader in attractive markets across the country with a proven track record of driving consistent growth through economic cycles,” says Anjan Mukherjee, Managing Partner at BayPine.
Messrs Sorbaro say: “We are excited to partner with BayPine and TSG, who bring significant financial, digital, and operational capabilities to our business. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform.”
Read more at Private Equity Wire
