What tire company did Mavis buy out?
Mavis tire acquires midas, expands to 3,500+ locations. mavis tire express services corp. White plains, new york, is one of the largest independent tire and service providers in the united states, with more than 2,300 service centers across 38 states.Buyout firms BayPine and TSG Consumer Partners acquired Mavis Tire in 2021 for more than $6 billion.Mavis Tire is an American automotive and tire service company. Founded in 1949 by Marion and Victor Sorbaro as Vic’s Cycle Shop, it currently has over 3,500 independently-held tire sales and automotive repair locations throughout the United States and Canada.Executive Summary. Based on our data team’s research, David Sorbaro is the Mavis Tire’s CEO.
Does Mavis have a lifetime warranty on tires?
We warrant that, with Proper Tire Care, your tire will not become unserviceable due to a defect in materials or workmanship. The warranty expires when the tire no longer has usable tread depth. Ten years is a maximum If the tires haven’t been replaced 10 years after their date of manufacture, as a precaution, Michelin recommends replacing them with new tires. Even if they appear to be in usable condition and have not worn down to the tread wear indicator. This applies to spare tires as well.We recommend replacing tires aged 6-10 years, no matter how much tread remains. When it comes to replacing tires, things can be a little unpredictable. Mileage, condition and routine maintenance all contribute to the tire’s safety and usability. You should replace them if you think they may have compromised integrity.Some tires are built to reflect a warranty of approximately 100,000 km while entry-level tires have a warranty of approximately 60,000 km. Summer tires should be replaced at 3mm tread depth and winter tires, also known as snow tires should be replaced at 4mm tread depth.We warrant that, with Proper Tire Care, your tire will not become unserviceable due to a defect in materials or workmanship. The warranty expires when the tire no longer has usable tread depth.Tire Age. Most tire manufacturers recommend replacing tires after 6 years, regardless of mileage. This is because rubber compounds can degrade over time, even if the tires appear unused. This degradation can lead to cracking, reduced flexibility, and increased risk of blowouts.
Who owns Mavis tires?
Mavis is owned by private equity firm BayPine LP, TSG Consumer Partners LP and a holding company controlled by David and Stephen Sorbaro, Mavis’ co-CEOs. Boston-based BayPine L. P. Mavis in March 2021 in partnership with TSG Consumer Partners L. P. West First Management (WFM), a holding company controlled by David and Stephen Sorbaro. Golden Gate Capital, a former primary investor, retains a minority interest.BayPine and TSG Consumer Partners purchased a majority equity interest in the company from Golden Gate in March 2021 with Golden Gate maintaining a minority equity interest.Boston-based BayPine L. P. Mavis in March 2021 in partnership with TSG Consumer Partners L. P. West First Management (WFM), a holding company controlled by David and Stephen Sorbaro. Golden Gate Capital, a former primary investor, retains a minority interest.
What is the lifespan of Mavis tires?
Expect five to six years or 50 to 60,000 miles on average. But keep in mind that your experience may vary widely depending on how you drive and care for your tires. The average mileage you’ll get out of new tires is around 50,000 miles, but tires can last as low as 30,000 miles and up to 70,000 miles depending on driving habits, tire construction, and treadwear rating from the tire manufacturer.If you’re looking to replace all four tires on your car, you can expect to spend anywhere from $400 to $1,000. Of course, tire prices vary depending on the type of tire, the size of the tire, and the brand. So, if you’re looking for exact numbers, it’s best to do your own research or speak to a tire specialist.Average Tyre Lifespan Under typical conditions, most tyres are designed to last between 40,000 and 60,000 kilometres, or 3 to 5 years. However, the longevity might vary depending on various factors: Driving Habits: Aggressive driving, excessive braking, and high-speed driving can all shorten the life of your tires.Expect five to six years or 50 to 60,000 miles on average. But keep in mind that your experience may vary widely depending on how you drive and care for your tires.Average Cost for New Tires The cost to purchase new tires for your vehicle varies widely, from $50 to $1,000+ per tire. However, on average, you can expect to pay $460 to $1,280 for a set of four new tires. There are lots of factors that impact tire cost, including: The type of vehicle you drive.