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New Deal


Announced

Town Fair Tire Centers to merge with Mavis Tire Express Services.

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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car tires

Majority

Domestic

Single Bidder

United States

Private

Friendly

Merger

Pending

Tires

Synopsis

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Town Fair Tire Centers, a provider of brand name tires with locations in New England and the Northeast, agreed to merge with Mavis Tire Express Services, a tire and service chain. Financial terms were not disclosed. "Together, Town Fair and Mavis will realize a combined scale that better positions each of us to meet industry challenges and thrive in an ever-changing and competitive landscape. We are excited to bring together the talented teams of both companies and look forward to continuing to provide best-in-class service to all of our customers," David Sorbaro, Mavis Co-Chief Executive Officer.

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