Mavis Tire Buys 500 NTB Service Centers
Mavis Tire is buying 500 NTB service centers from Icahn Enterprises for $700 million, greatly expanding its reach across the country.
Mavis Tire just struck a major deal. It will acquire 500 NTB service centers from Icahn Enterprises for $700 million. This deal greatly expands Mavis' presence across the country.
After the purchase, Mavis Tire will operate over 4,400 service centers. Mavis is already a large tire and auto service company. This deal makes it even bigger.
Icahn Enterprises will only sell certain parts of its business. It will keep important assets like AAMCO Transmissions and Precision Tune Auto Care. These brands have strong recognition.
This move helps Mavis reach more customers. It gives drivers more options for tire and auto service. The expansion shows Mavis' confidence in the auto service market.
Source: Fox Business
