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New Deal


Announced

Completed

Neuberger Berman completed the investment in Mavis Tire Express Services.

Financials

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

Tags

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Single Bidder

Acquisition

Domestic

Private Equity

Minority

Tires

car tires

United States

Private

Friendly

Completed

Synopsis

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Neuberger Berman, a private, independent, employee-owned investment manager, completed the investment in Mavis Tire Express Services, one of the largest independent tire and service providers in the United States. Financial terms were not disclosed. "We are excited to partner with management, as well as existing investors BayPine, TSG, and Golden Gate Capital to support Mavis's continued growth. We have long admired the company and believe Mavis's demonstrated track record of high-quality service will continue to be valued by customers in the years to come," J.T. Munch, Neuberger Berman Managing Director.

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