Capstone Partners advised Max Auto Supply Company—the largest operator of Midas franchises and one of the nation’s leading automotive service platforms—on its acquisition by Midas International, LLC, an affiliate of Mavis Tire Express Services Corp. The transaction closed on December 5, 2025, and terms of the deal were not disclosed.
Headquartered in Toledo, Ohio and founded in 1956, Max Auto operates 111 franchised Midas locations across six states, making it one of the largest auto service retailers in the U.S. In 2018, the company implemented an Employee Stock Ownership Plan (ESOP) and has maintained a strong culture of employee appreciation, investment, and stewardship. The transaction provided a full liquidity event for employee-owners, while positioning the business for continued growth within the Midas platform, leveraging expanded resources to strengthen its customer-first approach.
Kenny Green and his team at team at Capstone provided thoughtful leadership and strong execution from start to finish. They helped us navigate a complex process while keeping our employees and long-term legacy front and center. Their team was highly prepared, responsive, and strategic at every step, and they brought a deep understanding of the automotive services and franchise landscape. We felt supported from start to finish, and we’re proud of the outcome we achieved together.
“Working alongside the Katz family and the broader Max Auto team was a privilege. This is an iconic, employee-first organization with a culture you can feel the moment you walk into a shop. We’re proud to have helped the team navigate a complex process and deliver an outcome that honors the company’s legacy while creating momentum for continued growth,” commented Kenny Green, Director at Capstone Partners.
Midas International is a leading provider of automotive repair and maintenance services with approximately 2,000 franchised and licensed locations globally. Midas operates as part of the Mavis Tire family of brands and companies, which includes Mavis Discount Tire, Mavis Tires & Brakes, Midas, Express Oil Change & Tire Engineers, Brakes Plus, Tire Kingdom, NTB (National Tire & Battery), Town Fair Tire and Tuffy. Together, these brands offer a wide range of distinguished services to millions of drivers each year, reflecting a commitment to dependability, safety, convenience, and value.
The investment banking professionals on Capstone Partners’ dedicated Consumer Investment Banking Team work with leading middle market companies operating in the Franchise and Automotive sectors to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Consumer Investment Banking Team, contact us.
