No, Mavis did not buy out all of National Tire and Battery (NTB). While Mavis Tire Supply Co. acquired a significant portion of NTB locations, NTB continues to operate under its parent company, TBC Corporation.
The Acquisition Details
In 2020, Mavis Tire Supply Co. purchased 112 NTB Tire & Service Centers. This acquisition expanded Mavis's footprint considerably. However, this transaction did not mean a complete buyout of the NTB brand. Following the sale, TBC Corporation, NTB's parent company, retained 615 locations operating under the Tire Kingdom and NTB brands.
This means that NTB as a brand, and a substantial number of its service centers, remained under the ownership and operation of TBC Corporation.
A Brief History of NTB Ownership
To understand the current ownership structure, it's helpful to look at NTB's past:
- Formerly owned by Sears: National Tire and Battery (NTB) was once a brand under the retail giant Sears.
- Spun-off in 2003: In 2003, NTB was spun off from Sears, becoming a distinct entity, eventually falling under the umbrella of TBC Corporation, an American brand of auto service centers.
- Partial acquisition by Mavis in 2020: As noted, Mavis acquired 112 locations, but not the entire brand or all its operations.
Understanding the Landscape of Auto Service Centers
The auto service industry often sees strategic acquisitions of specific store groups rather than entire corporate entities. This allows companies like Mavis to expand their market presence and optimize their operational networks without necessarily taking over an entire competing brand.
Here's a simplified overview of NTB's ownership journey:
| Period | Owner/Operator | Status/Details |
|---|---|---|
| Pre-2003 | Sears | NTB was part of the Sears retail conglomerate. |
| 2003 - 2020 | TBC Corporation | NTB spun off from Sears and became part of TBC Corporation's portfolio. |
| Post-2020 | Mavis Tire Supply Co. | Acquired 112 NTB Tire & Service Centers. |
| TBC Corporation | Continues to own and operate 615 locations under the NTB and Tire Kingdom brands. |
Key Takeaways
- Mavis did not acquire all of NTB.
- The acquisition by Mavis in 2020 involved 112 specific NTB locations.
- TBC Corporation remains the parent company for the majority of NTB locations, along with Tire Kingdom.
- NTB continues to operate as an American brand of auto service centers under multiple ownership entities for different store groups.
For more detailed historical information about National Tire and Battery, you can consult resources like its Wikipedia page.
