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, with service centers primarily in the Northeast, Midwest, and Southern United States. The company has acquired over eight established tire service center chains, including Express Oil & Tire Engineer (2018) and Town Fair (2020). Mavis Tire Express Service Corp is now 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 May 2024, the private company operated over 1,400 service centers across 26 states, under the Mavis Discount Tire, Express Oil Change, Brakes Plus, Town Fair Tire, Tire Kingdom, and NTB brands, among others. They have an S&P rating of B- and a long-term Moody’s credit rating of B3. Their estimated annual revenue is $1.05B. The company is headquartered in Millwood, NY.