Tire Kingdom, Inc. is a tire store chain predominantly located in Florida. The private company started with a single location in West Palm Beach, FL (1972). By the end of 1988, they operated 67...
Tire Kingdom, Inc. is a tire store chain predominantly located in Florida. The private company started with a single location in West Palm Beach, FL (1972). By the end of 1988, they operated 67 locations in Florida and began expanding into additional states. In 2000, the chain was purchased for $45M by Tire & Battery Corporation (TBC), one of North America’s largest marketers of automotive replacement tires. At the time, Tire Kingdom operated 148 retail stores. In May 2023, TBC divested its company-owned retail portfolio, which consisted of 203 Tire Kingdom and 392 NTB locations, to Mavis Tire Express Services Corp for an undisclosed amount.
Mavis Tire Express Services Corp is a leading multi-brand tire dealer. They operate the second-largest independent tire dealership chain in the United States. Founded in 1972 in Mt Vernon, NY, the company has acquired more than eight established tire service center chains, including Express Oil & Tire Engineer (2018). The Express merger, re-branded as Mavis Tire Express Service Corp created one of the largest automotive service platforms in the U.S.. In 2021, Mavis Tire Express Services was acquired by an investor group led by BayPine, TSG Consumer Partners, and West First Management, with Golden Gate Capital retaining a minority interest. As of October 2023, the private company operated over 1,980 service centers across 22 states, under the Mavis Discount Tire, Express Oil Change, Brakes Plus, Town Fair Tire, and Tire Kingdom NTB brands, among others. They have an S&P rating of B- and a long-term Moody’s credit rating of B3. The company is headquartered in Millwood, NY.