Mavis Discount Tire (“Mavis”) today announced that it has signed a definitive agreement to merge with Express Oil Change & Tire Engineers (“Express”), a Golden Gate Capital portfolio company, creating one of the largest independent automotive service platforms in the U.S. Upon closing, the combined company will be led by Mavis’ current Co-Chief Executive Officers, David and Stephen Sorbaro, and Express’ Chief Executive Officer, Ricky Brooks, will be named Executive Chairman.
Car wash companies – in order to be profitable – have to keep their doors open whenever they are open for business. Otherwise, customers might think they’re closed, and they’ll drive away. Keeping the doors open is not always easy to do in the cold winter months, but car wash organizations generate 40 percent of their revenue during the winter months, so making sure the facility is open for business is critical.
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