“The cash from this sale will serve to accelerate strategic initiatives that we are confident will support our underlying mission to exceed the expectations of all of our customers and partners spanning retail, franchise, wholesale, distribution and ecommerce.”Īll NTB team members at the 112 locations, as well as those in supporting field leadership roles, will have the opportunity to join Mavis as a team member or remain with TBC. Midas-trained professionals can test your car battery and replace it if necessary with a battery from leading brands. Olsen, president and CEO of TBC Corporation. Our national network of truck care centers and roadside assistance technicians is standing by to get you back on the road (and keep you. Welcome to NTB Tire and Service Centers Shop tires, oil & fluid exchanges, brake services, AC recharges, steering & suspension, batteries and wipers. “Further consolidating our NTB footprint is consistent with our strategy to focus on core markets and entering into this agreement with Mavis makes great strategic sense for our company,” said Erik R.
National Tire Wholesale (NTW) and Mavis have also entered into a distribution relationship. Mavis kicked off 2022 by acquiring Orlando, Fla.-based Action Gator Tire Stores' retail outlets from Christensen Enterprises, which bolstered the company’s presence in The.
Upon close of the transaction, which is expected to occur within the next month, TBC’s company-owned retail footprint represented by the Tire Kingdom & NTB brands will span 615 locations. In December 2021, Mavis announced it was buying Tuffy Tire & Auto Service Centers, a 165-store business with both corporate-owned and franchise locations across the U.S.
The 112 stores are in the greater Philadelphia, Boston, Atlanta and Chicago designated market areas.
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