AIThe Driveabout 2 hours ago
Six Companies Control Most Auto Service Chains
8 min read
Six holding companies, mostly private equity-backed, quietly control nearly every major auto service chain in America. Mavis Tire recently bought Pep Boys from Carl Icahn for $700 million. Mavis is owned by BayPine, Goldman Sachs, and TSG. Driven, owned by Roark Capital, includes Take 5, Meineke, and Maaco. Monro runs 16 regional brands. Bridgestone owns Firestone and Tires Plus.
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