Mavis Discount Tire Quakertown Reviews (2024)

FAQs

What is the Mavis tire lawsuit? ›

In the Georgia settlement, Mavis, which has more than 50 locations in the state, was required “to pay restitution of $15,804.63 to identified consumers; pay an additional $80,000 to be put into a consumer-claim fund for non-identified consumers who may have suffered damage as a result of the company's alleged deceptive ...

Founded in 1972 by the Sorbaro family, and with roots dating back to 1949, Mavis is a leading independent tire dealer and automotive aftermarket service provider with approximately 1,200 units across the Northeast, Midwest and South, operating under the Mavis Discount Tire, Express Oil Change, Brakes Plus, and Town ...

In 2018, Golden Gate Capital acquired Mavis and merged it with its portfolio company Express Oil Change & Tire Engineers. 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.

Mavis Discount Tire started its business life in 1949 as Vic's Cycle Shop, a bicycle sales and repair business started by Victor and Marion Sorbaro. Within a few years, the shop became heavily involved in auto tires, and in 1965, the name was changed to Vic the Tire King.

The Firestone and Ford tire controversy of the 1990s saw hundreds of people die in automobile crashes caused by the failure of Firestone tires installed on light trucks and SUVs made by Ford Motor Company.

Mavis has agreed to pay up to $4,200,000.00 into a fund to pay settlement payments to those individuals who timely submit a fully completed and signed Claim Form (“Authorized Claimants”), Court-approved attorneys' fees, costs, and expenses of $1,410,000.00, Settlement Administration Costs, Court-approved General ...

(Reuters) - BayPine LP is in the lead to acquire Mavis Tire Express Services Corp for more than $6 billion, including debt, in what would be the private equity firm's biggest deal since its inception last year, people familiar with the matter said on Tuesday.

Discount Tire main competitors are GCR Tires & Service, Big Brand Tire & Service, and Superior Tire Service.

Mavis Tire Supply is a privately-held company that operates in the specialized consumer services industry.

David Sorbaro, Mavis Discount Tire Inc: Profile and Biography - Bloomberg Markets.

Did Mavis get bought out? ›

The following year, Mavis itself was acquired when a group of investors led by BayPine LP - in partnership with TSG Consumer Partners LP and a holding company controlled by David and Stephen Sorbaro - entered into an agreement to buy the company for an undisclosed amount.

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