March 4, 2021—A group of private-equity firms led by BayPine LP is nearing a deal to buy Mavis Express Tire Services Corp. in a transaction that would value the auto-service chain at around $6 billion including debt, the Wall Street Journal reported.
Based in Millwood, N.Y., Mavis provides tire, oil change and mechanical services at more than 1,100 service centers across 27 states.
Golden Gate bought Express Oil Change and Tire Engineers in 2017, purchasing Mavis Discount Tire a year later. The firm combined the two businesses in 2018. The deal is not yet final.