Ownership profile
Who owns Midas?
Midas is a franchise automotive-repair brand now owned by Mavis Tire Express Services Corp., which completed the acquisition from TBC Corporation in mid-2025; Mavis itself is controlled by private equity firm BayPine LP, in partnership with TSG Consumer Partners LP, meaning Midas is indirectly PE-backed.
Ownership profile
Midas
Midas International, LLC
Evidence (10)
Mavis Tire Express Services Corp. completed the acquisition of Midas from TBC Corporation in June 2025
https://www.aftermarketmatters.com/national-news/mavis-tire-completes-acquisition-of-midas-from-tbc-corporation/Midas will continue to operate as a standalone brand under the Mavis platform and maintain its headquarters in Palm Beach Gardens, Florida
https://www.mavis.com/news/mavis-midas/Mavis is owned by private equity firm BayPine LP, TSG Consumer Partners LP, and a holding company controlled by David and Stephen Sorbaro (co-CEOs)
https://www.moderntiredealer.com/retail/article/55279359/more-on-mavis-midas-dealTBC Corporation signed an agreement to divest Midas to Mavis Tire Express Services Corp. in March 2025; the deal was announced as covering approximately 2,000 franchised and licensed Midas stores in roughly 20 countries
https://www.tbccorp.com/news/tbc-corporation-signs-agreement-to-divest-midas-to-mavis/Midas operates as a franchise brand with approximately 2,000 franchised and licensed locations in nearly 20 countries, including ~1,200 across the United States and Canada
https://www.tbccorp.com/news/tbc-corporation-signs-agreement-to-divest-midas-to-mavis/Neuberger Berman Alternatives led the acquisition of a minority stake in Mavis Tire Express Services Corp. in June 2023, joining existing investors BayPine, TSG, and Golden Gate Capital
https://www.nb.com/en/us/press-releases/neuberger-berman-alternatives-leads-acquisition-of-minority-stake-in-mavisAn investor group led by BayPine LP, in partnership with TSG Consumer Partners LP and existing equity-holder West First Management, acquired Mavis Tire Express Services Corp. in 2021; Golden Gate Capital retained a minority interest
https://www.businesswire.com/news/home/20210305005229/en/Investor-Group-Led-by-BayPine-in-Partnership-with-TSG-Consumer-Partners-to-Acquire-Mavis-Tire-Express-ServicesTBC Corporation originally acquired Midas in March/April 2012 for approximately $310 million; TBC itself is a subsidiary of Sumitomo Corporation
https://www.sumitomocorp.com/en/jp/news/release/2012/group/20120501Midas International, LLC is the operating legal entity, an American chain of automotive service centers headquartered in Palm Beach Gardens, Florida
https://en.wikipedia.org/wiki/Midas_(automotive_service)Mavis owns and operates a portfolio of auto service center brands including Midas, Mavis Discount Tire, Express Oil Change & Tire Engineers, Brakes Plus, Tire Kingdom, NTB, Town Fair Tire, and Tuffy
https://www.crunchbase.com/organization/mavis-tire-supplyWhat's uncertain
- The current PE ownership of Midas is indirect — Midas is a wholly owned brand of Mavis Tire Express Services Corp., which is itself PE-backed by BayPine LP and TSG Consumer Partners LP. No PE firm holds Midas directly.
- The exact post-2023 equity split among BayPine, TSG, Golden Gate Capital, Neuberger Berman Alternatives, and the Sorbaro family at the Mavis level is not publicly disclosed; BayPine is cited as the lead investor.
- It is unconfirmed whether any Mavis ownership changes occurred between the 2023 Neuberger Berman minority investment and the June 2025 Midas acquisition close.
- The pe_confidence is moderated to 88 (not 95+) because the PE involvement is one level removed (at the Mavis parent level) and no independent source directly characterises the Midas subsidiary as 'PE-controlled'.
- PE involvement finding is as of 2025-06-18 (Aftermarket Matters acquisition completion notice). Ownership structures in the PE-backed automotive services roll-up sector can change rapidly.