Is Mavis Tire Express Services Corp. planning an IPO?

Mavis Tire Express Services Corp. is reportedly considering a US initial public offering and is in early talks with advisors about a potential listing.

When might Mavis Tire go public?

A potential listing for Mavis Tire could occur as soon as this year, according to people familiar with the matter.

An investor group led by BayPine LP acquired Mavis in 2021, with Neuberger Berman's Alternatives leading a further stake acquisition in 2023.

Home / Business and Economy / Mavis Tire Mulls IPO Amid Market Rebound

Mavis Tire Mulls IPO Amid Market Rebound

14 Feb

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Summary

Mavis Tire Express Services Corp. is considering a US IPO.
A potential listing could occur as soon as this year.
Private equity investors acquired Mavis in 2021.

Mavis Tire Mulls IPO Amid Market Rebound

Mavis Tire Express Services Corp., a significant player in auto repair and tire services with well-known brands such as Midas and Tuffy, is reportedly considering a US initial public offering. The company, whose history dates back to 1949, is currently in preliminary discussions with financial advisors to prepare for a potential listing.

A listing could potentially materialize as early as this year, reflecting a broader trend of increased IPO activity from companies held within private equity portfolios. This year has already seen substantial IPOs, with companies like Forgent Power Solutions Inc. raising significant capital.