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New Deal


Announced

Completed

Golden Gate Capital-backed Mavis Discount Tire completed the acquisition of 112 stores from NTB Tire & Service Centers.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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tire stores

Majority

Domestic

Private

Friendly

Acquisition

Private Equity

Single Bidder

United States

Specialty Retailers

Completed

Synopsis

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Golden Gate Capital-backed Mavis Discount Tire, an independent tire and service provider in the United States, completed the acquisition of 112 stores from NTB Tire & Service Centers, a tire retailer. Financial terms were not disclosed. “This agreement with NTB will enable us to grow our footprint in key markets and we are excited to welcome the talented NTB team members affiliated with these 112 locations to the Mavis family. We know that NTB team members are highly committed to exceptional customer support, and we are confident that customers at these locations will continue to receive best-in-class service," David Sorbaro, Mavis Co-CEO.

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