Tire and Service M&A Multiples Report 2026
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Tire and Service M&A Multiples Report 2026: Valuation Benchmarks by Size and Segment

This report benchmarks tire service M&A multiples for United States tire and combined tire-plus-service businesses, from the single-bay corner shop to the multibillion-dollar private equity platform, using named and dated sources compiled through Q2 2026. Every range below states its earnings basis, size band, geography, and vintage year, and every named data source is linked to its original publication. The evidence covers NAICS 441320 tire dealers with overlap into NAICS 811198, the catch-all classification for other automotive repair and maintenance, because most tire businesses that transact well are hybrids selling both product and service labor.

A framing note before any numbers. This report presents observed transaction multiple ranges from other companies’ reported deals. It is not investment advice, not legal advice, not tax advice, not financial advice, and not a business appraisal or an opinion of value for any specific company. Multiples describe what buyers have reportedly paid for other businesses under specific conditions, and any individual tire and service business could transact above, below, or entirely outside every range shown here. Owners considering a sale should engage a credentialed valuation professional and an M&A advisor with automotive aftermarket transaction experience before acting on anything in this benchmark.

Rate context matters for every figure that follows. The Federal Reserve cut its policy rate three times in late 2025, bringing the federal funds target range to 3.50 to 3.75 percent, and held that range at the June 17, 2026 meeting per the Federal Reserve statement. The June 2026 FOMC projections show a median fed funds estimate of 3.8 percent for year-end 2026. That projection signals that cheap-debt multiple expansion is not the base case for the remainder of 2026. Every multiple in this report should therefore be read against the borrowing environment of its vintage year: near-zero policy rates in 2020 and 2021, a 5.25 to 5.50 percent peak across 2023 and 2024 per Federal Reserve H.15 data, and the current 3.50 to 3.75 percent range.

Executive Summary

Tire and Service M&A Multiples Report 2026
Tire and Service M&A Multiples Report 2026 (CT Acquisitions, July 1, 2026)
  • Single-location retail tire and service shops with owner-operators in the seat have typically traded at roughly 2.5x to 4.0x seller’s discretionary earnings (SDE) in 2024 through mid-2026 broker-market data, based on BizBuySell automotive service benchmarks and IBBA Market Pulse size-band medians, United States, Main Street deal sizes under roughly $2 million in value. The smallest shops, those under $250,000 of SDE, have generally priced lower, at about 2.0x to 3.0x SDE.
  • Multi-location regional independents with roughly $1 million to $3 million in adjusted EBITDA have generally cleared 5.0x to 7.0x adjusted EBITDA in the same 2024 to mid-2026 window. That range is consistent with GF Data small-enterprise-value averages of 5.5x to 6.7x for $1 million to $25 million deals in H1 2025 and with tire and service advisory commentary from Focus Investment Banking.
  • PE-backed tire and service platforms above roughly $10 million adjusted EBITDA have transacted at approximately 9.0x to 12.0x adjusted EBITDA, with the largest and most disclosed deals printing above that band at the 2021 cycle peak.
  • Three disclosed reference points anchor the top of the market. The Mavis Tire Express Services recapitalization by BayPine and TSG Consumer Partners in March 2021 carried a Bloomberg-reported enterprise value above $6 billion. The Leonard Green and Partners majority acquisition of Sun Auto Tire and Service, announced September 2021, drew press commentary placing the multiple in the roughly 12x to 14x adjusted EBITDA area, a figure that remains press-reported rather than confirmed. The Les Schwab Tire Centers sale to Meritage Group, announced September 2020, priced at a Reuters-reported approximately $3 billion.
  • The public-market ceiling reference is Monro Inc. (NASDAQ: MNRO), which reported fiscal 2026 revenue of $1,157.2 million across 1,116 company-operated stores. Monro traded at an enterprise value near 9.2x EBITDA in mid-2026 per Stock Analysis, a level that caps what financial buyers can rationally pay for private platforms of similar quality.
  • The single largest value gap in the vertical is the consolidator arbitrage. The same store that trades at 2.5x to 4.0x SDE as a standalone can be worth 9x or more of its earnings contribution inside a platform, and this spread is the engine behind Mavis, Sun Auto, and the regional consolidators profiled below.
  • Distribution stress is a live underwriting factor. American Tire Distributors filed Chapter 11 in October 2024 and completed a sale to a lender-formed entity on March 5, 2025 per the case administrator, which pushed buyers to scrutinize supplier concentration at every target.
  • The structural tailwind is electric vehicle tire consumption. Michelin states that EVs wear tires roughly 20 percent faster than comparable combustion vehicles, which positions tire and service operators better than oil-change-dependent formats for the drivetrain transition.

Key Findings: 15 Verified Data Points

  1. Main Street tire shops track the broker market, not the PE market. The IBBA Market Pulse Q1 2026 survey, completed by 300 business brokers and M&A advisors between April 1 and April 16, 2026, reported median selling multiples rising from about 2.0x SDE for businesses under $500,000 in value to about 5.5x for deals between $5 million and $50 million, United States, all industries. Tire shops sit inside that ladder, not outside it.
  2. Broker-market pricing softened in 2025. BizBuySell’s auto repair and service valuation benchmarks show the median sale value for auto service and repair shops, a category that includes tire shops, dropped 16 percent in 2025 after steady increases through 2024. The decline was driven primarily by lower median financials among the specific shops that sold, United States, closed-transaction data.
  3. Lower-middle-market EBITDA multiples held near 7x on average. GF Data reported average purchase price multiples of 7.5x trailing-twelve-month adjusted EBITDA in Q3 2025, up from 6.9x in Q2 2025, for PE-sponsored deals of $10 million to $500 million total enterprise value, United States.
  4. Size drives the multiple more than any operating metric. GF Data reporting summarized by Middle Market Growth shows H1 2025 deals of $10 million to $25 million enterprise value averaging 6.2x to 6.7x adjusted EBITDA while $100 million to $250 million deals averaged 10.0x. That spread of more than three turns is attributable primarily to scale.
  5. Mavis reached more than 3,500 locations in 2025. Mavis completed its acquisition of Midas from TBC Corporation on June 16, 2025, expanding its network to more than 3,500 locations across the United States and Canada, including nearly 1,300 franchised locations, terms undisclosed.
  6. Sun Auto has more than quadrupled its footprint under Leonard Green. Sun Auto operated approximately 132 locations at the September 2021 acquisition per Tire Business. The platform surpassed 575 locations by early 2026 per PR Newswire and BizWest, a footprint expansion executed largely through acquisitions of independent tire and service operators.
  7. Les Schwab’s reported value more than doubled in four years of institutional ownership. Meritage Group paid a Reuters-reported approximately $3 billion in 2020 per Modern Tire Dealer. Reuters then reported in August 2024 that Meritage explored a sale valuing the roughly 500-store chain at more than $7 billion, around 15x an EBITDA of about $500 million, per Investing.com’s syndication of the Reuters exclusive.
  8. Monro is shrinking to improve unit economics. Monro’s fiscal 2026 Form 10-K reports the closure of 145 underperforming stores and the sale of 26 owned locations during fiscal 2026. Comparable store sales rose 1.4 percent even as total revenue declined 3.2 percent to $1,157.2 million, fiscal year ended March 28, 2026.
  9. Replacement tire demand hit record volume. The USTMA November 2025 forecast projected 221.6 million replacement passenger tires shipped in 2025, United States. The same forecast projected 37.8 million replacement light truck tires, up 2.9 percent over 2024.
  10. Independent dealers still control distribution. Modern Tire Dealer’s 2026 Facts Issue coverage reports that independent wholesalers hold 80 percent of the United States consumer tire wholesale distribution channel.
  11. The largest distributor went through bankruptcy and emerged lender-owned. American Tire Distributors entered Chapter 11 in October 2024 with $250 million in new DIP financing and a restructuring agreement covering about 90 percent of its term loan per Tire Review. The company completed the sale of substantially all assets to a buyer formed by existing lenders on March 5, 2025 per the case administrator.
  12. Discount Tire remains the revenue leader among independents. Discount Tire operated approximately 1,250 stores across 40 states as of mid-2025 and retained its position as the highest-dollar-sales tire retailer per Tire Business’s 2025 ranking of the largest retail tire dealerships. The company remains family-owned with no disclosed transaction multiple.
  13. Franchise infrastructure is concentrated. Big O Tires operates more than 460 franchised locations across roughly two dozen states as a wholly owned subsidiary of TBC Corporation per the Big O franchise site, giving franchise-affiliated tire dealers a distinct buyer audience of both franchisees and the franchisor itself.
  14. Regional consolidators below the mega-platforms are active buyers. Belle Tire operates more than 180 locations across Michigan, Indiana, Ohio, and Illinois per Belle Tire. Tire Discounters operates roughly 195 locations across eight states per xMap location intelligence, and VIP Tires and Service reached 77 New England locations per VIP. All three formats grow substantially through acquisition of single-location and small multi-location independents.
  15. EV adoption is a demand tailwind specific to this vertical. Michelin’s EV tire guidance attributes roughly 20 percent faster tire wear on EVs to added vehicle weight and instant torque. GreenCars places the range at 20 to 30 percent faster, which shortens replacement cycles for the tire dealer even as oil change volume per vehicle declines.

Multiples by Size Band: The Spine of the Report

The size-band table below is the core reference of this report. Earnings basis is stated per band and never blended. The two smallest bands price on SDE because a working owner’s compensation is embedded in the earnings figure, and the three larger bands price on adjusted EBITDA because buyers underwrite them with market-rate management in place. Blending the two bases produces ranges that mislead in both directions, so this report keeps them strictly separate. All ranges reflect United States transactions observed or reported from 2024 through Q2 2026 unless noted, in the 3.50 to 3.75 percent fed funds environment that has prevailed since late 2025 per the Federal Reserve.

Size band Typical profile Earnings basis Observed multiple range Typical buyer Primary sources
Sub-$250K SDE Single-location owner-operator, tires plus light mechanical, owner behind the counter SDE 2.0x to 3.0x SDE Individual buyer, often SBA 7(a) financed IBBA Market Pulse Q1 2026 (median ~2.0x under $500K value); BizBuySell auto service benchmarks
$250K to $750K SDE Established single or dual location, brand relationships, some fleet business SDE 2.5x to 4.0x SDE Individual buyer, searcher, or first bolt-on by a small regional group IBBA Market Pulse Q1 2026 ($500K to $2M bands); BizBuySell tire store listings (asking-price context only)
$750K to $2M adjusted EBITDA Small multi-location operator, 2 to 6 stores, manager layer forming Adjusted EBITDA 4.0x to 5.5x adjusted EBITDA Regional consolidator, family office, independent sponsor GF Data smallest tiers (5.5x average, $1M to $5M enterprise value, H1 2025 per Middle Market Growth); Focus Investment Banking tire and service practice commentary
$2M to $10M adjusted EBITDA Regional multi-location platform target, 6 to 25 stores, professional management Adjusted EBITDA 5.0x to 7.0x adjusted EBITDA PE platform add-on at scale, new platform formation at the top of the band GF Data ($10M to $25M enterprise value at 5.9x to 6.7x, 2025); Colonnade Advisors auto services updates; Capstone Partners aftermarket M&A updates
$10M+ adjusted EBITDA PE-backed or PE-ready platform, 25+ stores, density in defined markets Adjusted EBITDA 9.0x to 12.0x adjusted EBITDA, with disclosed peak-cycle deals above the band Large-cap and upper-middle-market PE, strategic consolidators Disclosed references: Mavis 2021 (Bloomberg-reported >$6B enterprise value); Sun Auto 2021 (press-reported ~12x to 14x); Les Schwab 2024 process reporting (~15x explored); Monro public EV/EBITDA (~9.2x, mid-2026)

Sub-$250K SDE: 2.0x to 3.0x SDE

This is the classic corner tire shop, and it prices like a job with equipment attached because that is what the buyer is purchasing. IBBA Market Pulse Q1 2026 data places the median multiple for sub-$500K-value Main Street businesses at approximately 2.0x SDE across industries per the survey release. Tire shops at this size tend to sit at or slightly above the all-industry median when they carry established brand accounts and a mechanical service bay. They tend to sit at or below it when they are tire-only with heavy owner dependence, because a tire-only format offers the buyer no service annuity and no margin cushion against price-matching competitors.

Real estate frequently complicates this band. On high-traffic corner lots, the land under the shop can be worth more than the operating business, a dynamic examined in the deal structure section below. Buyers at this size are typically individuals financing through SBA 7(a) loans, which means the practical price ceiling is set by lender underwriting rather than by any theory of value. A shop that cannot cover its acquisition debt service out of restated SDE at prevailing rates will not clear, whatever the seller believes the multiple should be.

$250K to $750K SDE: 2.5x to 4.0x SDE

This band captures the established single-location shop with a real customer file, or a two-store operator with the owner still central to both. Observed pricing of 2.5x to 4.0x SDE is consistent with IBBA size-band progression per the Q1 2026 Market Pulse, where multiples in the $500K to $1 million and $1 million to $2 million value ranges showed slight increases while larger bands held steady. The top of the band belongs to shops with meaningful commercial and fleet revenue, a service-heavy revenue mix, and a manager who can run the counter without the owner present.

SBA 7(a) financing dominates the buyer side here, so pricing is partly a function of what a lender will underwrite at prevailing rates. Buyers modeling debt service at the current 3.50 to 3.75 percent fed funds base per the Federal Reserve can support modestly higher pricing than at the 2023 to 2024 rate peak. That mechanical link between the policy rate and the achievable Main Street multiple is developed further in the deal structure section, and lender-by-lender appetite for automotive deals is profiled in our SBA acquisition lender rankings.

$750K to $2M adjusted EBITDA: 4.0x to 5.5x adjusted EBITDA

The earnings basis switches to adjusted EBITDA here because buyers at this size install or retain paid management, and the owner’s compensation comes out of the earnings figure rather than being embedded in it. Observed pricing of 4.0x to 5.5x adjusted EBITDA aligns with GF Data’s smallest tracked tiers, where transactions of $1 million to $5 million and $5 million to $10 million enterprise value averaged 5.5x and 5.6x adjusted EBITDA respectively in H1 2025 per Middle Market Growth’s GF Data summary. Tire and service assets typically price toward the middle of that cross-industry evidence when store count is low, because a two-store or three-store group still carries concentration risk in each location’s local trade area.

This is the first band where PE-backed consolidators such as Sun Auto, Belle Tire, and Tire Discounters compete directly with individual and family-office buyers. Their presence in a given metro can add a half turn to a full turn to realized pricing, because a consolidator building density values the same stores against a platform multiple rather than against a lender’s coverage test. Sellers in this band who happen to sit in a consolidator’s target geography often receive unsolicited approaches; the pattern of those approaches is tracked in our private equity in auto repair guide.

$2M to $10M adjusted EBITDA: 5.0x to 7.0x adjusted EBITDA

This is the regional platform-target band, and it is where the consolidator bid is strongest. GF Data reported $10 million to $25 million enterprise value deals averaging 5.9x adjusted EBITDA across industries in recent periods, rising to 6.2x to 6.7x in H1 2025 per Middle Market Growth. Automotive service businesses with recurring tire replacement demand and fleet contracts have tended to price at or above those cross-industry averages per advisory commentary from Capstone Partners and Colonnade Advisors.

A 15-store regional with $4 million of adjusted EBITDA, market density, and audited or QoE-supported financials could plausibly clear the top of the 5.0x to 7.0x band in a competitive process. A loosely assembled group of stores with inconsistent systems, mixed branding, and unreconciled intercompany accounts would price toward the bottom of the band, and could fall out of process entirely once diligence restates the earnings. The difference is preparation, and the preparation window is measured in years rather than months.

$10M+ adjusted EBITDA: 9.0x to 12.0x adjusted EBITDA

Platform economics take over at this scale. The disclosed evidence is thin but consistent. The Mavis recapitalization carried a Bloomberg-reported enterprise value above $6 billion in March 2021. Press commentary placed the Sun Auto sale to Leonard Green in the roughly 12x to 14x adjusted EBITDA area in late 2021, a figure this report labels press-reported at every mention because no primary document confirms it. Reuters reported that Meritage Group explored a Les Schwab sale at approximately 15x an estimated $500 million EBITDA in August 2024.

Those prints sit above the 9.0x to 12.0x range shown for the band because they involve exceptional scale, density, and brand equity, and the 2021 prints also carry near-zero-rate vintage. Monro’s public EV/EBITDA of roughly 9.2x in mid-2026 per Stock Analysis is the sobering counterweight. A financial buyer paying 12x for a private platform must believe it can grow into a valuation the public market currently refuses to award a 1,116-store operator, and that belief rests entirely on the acquisition engine continuing to buy earnings below the platform’s own multiple.

Reading the bands together: two illustrative examples

The following examples are illustrative constructions, not real transactions. They apply the observed band ranges cited above rather than asserting new data, and any real transaction could land elsewhere.

Illustration one: the single-store seller. Consider a hypothetical shop with $1.4 million in revenue and $280,000 of SDE after add-backs, with the owner working the counter, roughly 30 percent of gross profit from mechanical service, leased premises at market rent, and no fleet contracts. The applicable band is $250K to $750K SDE at 2.5x to 4.0x per the IBBA and BizBuySell evidence above. The modest service mix, the owner dependence, and the absence of fleet revenue would generally place such a shop near the middle of the band rather than the top, suggesting an indicative outcome around 3.0x SDE. The same shop after two years of building alignment attach, hiring a counter manager, and signing two municipal fleet accounts could plausibly present at the top of the band. The earnings base itself would likely be higher by then as well, which is why the drivers in the next section compound rather than merely add.

Illustration two: the regional group approaching the platform threshold. Consider a hypothetical eight-store group in two adjacent metros with $2.6 million of adjusted EBITDA after market-rate management salaries, a sell-side quality of earnings report, 25 percent of revenue from fleet programs, and four owned properties offered via sale-leaseback at closing. The applicable band is $2M to $10M adjusted EBITDA at 5.0x to 7.0x per the GF Data evidence above. Density, fleet mix, and diligence readiness are the attributes consolidators reward, and a competitive process in a geography where two or more platforms are building density could plausibly clear the top of the band. The difference between a 5.0x and a 7.0x outcome on $2.6 million of adjusted EBITDA is $5.2 million of enterprise value, which is the concrete argument for process competition and preparation at this scale.

The through-line of both illustrations is that band placement is earned before the process starts. Buyers apply the drivers in the next section as a checklist, and sellers who address their top three or four discount factors in the two years before a sale typically move both their earnings base and their multiple at the same time.

Multiples by Sub-Segment

Earnings basis is stated per line below. Ranges are observed or reported United States figures, 2024 through Q2 2026 vintage unless noted, and the same caveats apply: these describe other companies’ transactions, and any individual business could price outside every range shown.

Single-location retail tire and service

Single-location shops combining tire sales with alignment, brakes, and general mechanical work have typically traded at 2.5x to 4.0x SDE in broker-market data per BizBuySell’s auto repair and service benchmarks and IBBA Market Pulse size bands. Tire-only shops without mechanical service capability tend to price at the bottom of the range or below it, because tire retail alone carries lower gross margins and no service annuity. The buyer of a tire-only store inherits a price-transparent product business competing against national chains, warehouse clubs, and online fitment platforms, and pays accordingly.

BizBuySell’s reported 16 percent decline in median sale value for the auto service category in 2025 suggests the broker market softened even as replacement tire demand hit records. That divergence is explained by weaker median financials among the specific shops that sold rather than by any collapse in buyer appetite, per BizBuySell. Sellers reading a soft median should remember that a median describes the pool of businesses that transacted, and a shop with strong financials sells into the same demand that the landmark deals confirm at the top of the market.

Multi-location regional independent

Regional independents with roughly $1 million to $3 million in adjusted EBITDA across three to ten stores have generally cleared 5.0x to 7.0x adjusted EBITDA when sold to consolidators or sponsors, consistent with GF Data small-enterprise-value evidence and Focus Investment Banking tire and service practice positioning. The premium over the single-store band reflects manager depth, brand consistency, and the fact that a multi-store group can be underwritten as a business rather than a job.

Sun Auto’s acquisition cadence illustrates the buyer appetite for exactly this seller profile. The platform added 37 locations in 2025 and entered Colorado in March 2026 through a 23-location acquisition per BizWest. Nearly all of that growth came from independent regional operators who had built the store count, the management layer, and the local reputation that a platform can absorb without rebuilding. For a regional owner, the practical takeaway is that the buyers exist and are actively searching; the variable is whether the business is assembled in a form they can underwrite.

Retail versus commercial and fleet tire mix

Shops with meaningful commercial and fleet tire revenue have tended to command a premium of roughly a half turn to a full turn over comparable retail-only shops in the observed 2024 to 2026 window, per advisory commentary from Focus Investment Banking and deal patterns visible in Tire Business consolidation coverage. Fleet accounts deliver contracted, recurring volume that survives ownership transition better than walk-in retail, and buyers pay for revenue that arrives on a schedule rather than a hope.

The caveat is concentration. A commercial tire dealer with 40 percent of revenue from two fleet accounts will see that premium reversed into a discount during diligence, because the buyer is underwriting the risk that either account departs with the seller’s personal relationship. Commercial truck tire demand also carries its own cycle tied to freight activity. USTMA replacement truck tire shipments were projected up 7.9 percent in 2025 per the USTMA November 2025 forecast, a freight-linked datapoint buyers watch closely when pricing commercially weighted books of business.

Franchise-affiliated versus independent

Franchise-affiliated tire dealers occupy a middle position between branded security and independent flexibility. A Big O Tires franchisee benefits from brand recognition across the system’s more than 460 locations and from TBC Corporation’s supply infrastructure, which can compress the perceived risk of a single-store purchase and support pricing at the upper half of the relevant SDE band. The offsetting factors are royalty load on earnings, transfer approval requirements, and a buyer pool constrained to parties the franchisor will accept.

Co-op affiliations such as Point S USA and Best-One Tire Group sit closer to independence. Members keep buying-group economics without royalty drag, though the affiliation itself transfers less brand value in a sale. No reliable public multiple series separates franchise from independent tire shop transactions, so the premium or discount is directional and deal-specific rather than quantified, and this report treats franchise status as an adjustment factor rather than a standalone range.

Retread and commercial truck tire specialty

Retreaders and commercial truck tire specialists, tracked annually in the Tire Business ranking of North American retreaders, sell into fleet maintenance budgets rather than consumer wallets and price accordingly. Businesses in this niche with durable fleet contracts and $1 million-plus adjusted EBITDA have generally been underwritten within the same 4.0x to 6.5x adjusted EBITDA territory as comparable commercial-services businesses in GF Data’s smaller tiers, with the range widening on customer concentration and plant capex condition.

The segment’s buyers are more often strategic than financial, including tire manufacturers and large commercial dealers seeking captive retread capacity. The ATD Chapter 11 reminded the market that wholesale-adjacent tire businesses carry real balance-sheet cyclicality, and diligence on a retreader now runs deeper on plant equipment age, casing supply agreements, and the durability of the fleet contracts that justify the multiple.

PE-backed platform: the Mavis and Sun Auto model

Platforms above roughly $10 million adjusted EBITDA with density, brand, and a proven acquisition engine have transacted at approximately 9.0x to 12.0x adjusted EBITDA, with the disclosed 2020 to 2021 references at or above the top of the band. Mavis recapitalized at a reported enterprise value above $6 billion in March 2021. Sun Auto was press-reported around 12x to 14x in September 2021. Les Schwab sold at approximately $3 billion in 2020, and the 2024 sale exploration was reported near 15x per Reuters syndication.

Mavis’s June 2025 Midas acquisition added a franchised service layer of roughly 1,200 North American locations, showing that the largest platforms now grow through brand acquisition as well as store-by-store roll-up. Discount Tire, family-owned at roughly 1,250 stores per Tire Business, is the segment’s permanent non-seller and a standing reminder that the best assets in this vertical may never print a multiple at all.

What Moves the Multiple: 15 Drivers

Each driver below can move realized pricing within, and occasionally beyond, the size-band ranges above. Buyers rarely price these factors independently; they compound, which is why two shops with identical earnings can transact a full turn or more apart.

1. Service revenue share

The ratio of mechanical service revenue to tire revenue is the single most examined mix metric in tire and service diligence. Tire retail is a lower-margin, price-transparent product sale, while alignment, brakes, suspension, and diagnostic work carry substantially higher gross margins and recur against the same customer file. Monro’s fiscal 2026 Form 10-K describes a deliberate strategy of attaching service categories to tire transactions across its 1,116 company stores, and the private consolidators underwrite the same playbook. A shop earning most of its gross profit from service attached to tire installs will generally price toward the top of its band, while a tire-only discounter competing on price will sit at the bottom. Observed spreads of a half turn to a full turn for service-heavy mix are consistent with the pattern described by Focus Investment Banking’s tire and service practice.

2. Commercial and fleet account share

Fleet accounts convert tire replacement from episodic retail into contracted recurring revenue, and recurring revenue is what buyers at every size band pay premiums for per Capstone Partners aftermarket coverage. The premium holds only when the accounts are documented, diversified, and transferable. National-account fleet programs administered through manufacturer or distributor networks tend to survive ownership transitions well. Handshake arrangements with a single local logistics operator do not, and diligence teams price the difference between paper and personality without sentiment.

3. Real estate: owned versus leased, and the corner-lot problem

Tire retail is a real estate business to a degree unusual even within automotive services. High-visibility corner lots with adequate bay counts and parking are scarce, and at the single-location level the land can be worth more than the operating business. Sale structures respond in three ways: the seller keeps the property and grants a long-term market-rate lease, the buyer purchases the real estate separately at appraised value, or the parties transact a sale-leaseback around closing. The operating multiple applies only to the business earnings after a market rent charge, and a shop whose SDE includes below-market rent to a seller-owned entity will see earnings restated downward in diligence. Owned real estate offered with the deal reliably broadens the buyer pool, because SBA 7(a) lenders can extend amortization against the property, a dynamic covered in our SBA acquisition lender rankings.

4. Location count and market density

Density is worth more than raw count. Ten stores across three adjacent metros share advertising, inventory logistics, floater technicians, and district management; ten stores scattered across five states share almost nothing. Sun Auto’s expansion pattern, including its 23-store Colorado and Arizona entry in March 2026 per BizWest, shows consolidators paying for clustered footprints they can bolt into district structures. Sellers with contiguous density effectively auction themselves to every platform seeking that geography, which is how top-of-band multiples get printed.

5. Owner dependency

A tire shop where the owner writes every estimate, holds every fleet relationship, and approves every ad buy is worth materially less than its earnings suggest, because the buyer is purchasing a cash flow that departs with the seller. This is the largest and most common discount factor in the sub-$750K SDE bands, and it is the reason otherwise similar shops can price a full turn apart. The mechanics of measuring and mitigating this discount are covered in our companion piece on how owner dependency affects valuation.

6. Tire supplier relationships and post-ATD distribution risk

The American Tire Distributors Chapter 11 of October 2024, resolved through a March 2025 sale to a lender-formed entity per the case docket administrator, moved supplier concentration from a footnote to a diligence line item. Dealers sourcing predominantly through a single distributor now face questions about continuity terms, program pricing, and fill rates. Direct manufacturer programs with Goodyear, Michelin, or Bridgestone, or membership in buying groups such as Best-One Tire Group or Point S USA, function as partial insulation and support pricing within band. Independent wholesalers still move 80 percent of consumer tire wholesale volume per Modern Tire Dealer’s 2026 Facts Issue coverage, so distribution structure is a sector-wide underwriting question rather than a target-specific quirk.

7. Franchise affiliation economics

For franchise-affiliated shops, buyers model the royalty stream as a permanent earnings load and the brand as a customer-acquisition asset, and the net effect on the multiple depends on which dominates in the specific market. A Big O Tires location in a market where the brand carries decades of recognition may price above an equivalent independent; the same economics in a market where the brand is thin may not cover the royalty. Transfer rights, remodel obligations, and territory protections in the franchise agreement all move price, and buyers discount for franchisor approval risk on timeline alone.

8. Ticket mix, car count, and gross margin per bay

Buyers reconstruct unit economics from point-of-sale data: cars per day, average ticket, gross margin by category, and revenue per bay. Two shops with identical SDE can price differently because one earns it from 40 high-margin service tickets a day and the other from 90 low-margin tire-price-match transactions. Monro’s fiscal 2026 comparable store sales increase of 1.4 percent on a shrinking store base per its Form 10-K illustrates the industry’s pivot from volume to ticket quality, and private buyers apply the same lens to every target’s register data.

9. Alignment, brake, and suspension attach rate

Attach rate is the operational expression of service revenue share: of every ten tire installs, how many convert into an alignment, and how many alignments surface brake or suspension work. Shops with alignment equipment in-house and a disciplined inspection process convert tire traffic into service gross profit at rates that materially change the earnings trajectory a buyer can underwrite. EV-driven wear acceleration compounds the stakes, since heavier vehicles are also harder on suspension components per Michelin’s EV guidance. A buyer who sees a documented attach discipline sees a shop whose earnings can grow without adding a single new customer.

10. EV exposure: a net tailwind for tire and service

The drivetrain transition cuts against oil-change-centric formats and toward tire-centric ones. EVs eliminate oil changes but wear tires roughly 20 percent faster per Michelin, with some estimates at 20 to 30 percent per GreenCars, because of battery weight, instant torque, and regenerative braking. EV-specific tires also carry higher average selling prices, and manufacturers including Michelin and Goodyear have launched dedicated EV lines per C&EN’s coverage of EV tire engineering. Buyers in 2025 and 2026 have begun asking targets for EV registrations in their trade area, torque-capable lift equipment, and technician readiness. Shops that can evidence EV service capability position at the top of their band, and the quantified synthesis appears in the derived insights section below.

11. CRM and digital appointment maturity

Consolidators run centralized scheduling, declined-service follow-up, and tire-replacement reminder campaigns off the point-of-sale customer file, and they pay more for targets whose data can feed that machine. A shop with years of clean customer history in a modern shop-management system is worth more than one with the same revenue on paper tickets, because the marketing annuity transfers. Mavis’s stated digital transformation agenda in the BayPine and TSG announcement made this explicit at platform scale in 2021, and the logic has since cascaded down to add-on pricing.

12. Google reviews and local marketing position

Tire purchases are researched locally and urgently, which makes local search position a revenue asset. A shop holding a 4.6-plus rating across a thousand-plus Google reviews owns customer acquisition economics that a 3.8-rated competitor must buy with discounting. Buyers treat review volume, rating trajectory, and response discipline as proxies for both customer experience and post-close revenue durability, and reputational repair costs get priced into offers for shops with damaged profiles.

13. Technician retention and labor depth

The binding constraint on service revenue growth industry-wide is technician supply. Shops with tenured, certified technicians, documented pay plans, and low trailing turnover carry lower execution risk and price accordingly. A single-store shop whose service capability is one master technician nearing retirement presents the same key-person problem as owner dependency, and buyers discount it the same way. Labor depth is also what makes the service-share and attach-rate drivers achievable in the first place, which is another example of drivers compounding rather than adding.

14. Inventory management and tire stocking depth

Tire inventory is capital-intensive and obsolescence-prone across SKUs that proliferate by size, speed rating, and EV fitment. Buyers examine turns, aged stock, and the working capital required to keep fill rates competitive with same-day distributor delivery. A dealer running lean inventory against reliable distributor fill sits better than one warehousing slow-moving SKUs, but the ATD episode showed the risk of building a model entirely on one wholesaler’s logistics per Tire Review. Working capital pegs in this vertical turn heavily on tire inventory normalization, a mechanic covered alongside earnout norms in our deal-term benchmarks.

15. Road hazard warranty programs and recurring plans

Road hazard programs, tire protection plans, and maintenance memberships create deferred-revenue relationships that pull customers back to the selling store. Programs administered through third parties transfer cleanly and add value; self-administered programs create an assumed liability that diligence must size before close. Either way, a documented base of active plans is evidence of the repeat-visit economics that buyers in this vertical are ultimately purchasing, and a seller who can print the active-plan count from the shop system walks into negotiation with proof rather than assertion.

Trend and Trajectory: 2019 to Q2 2026

2019 baseline

Before the pandemic, tire and service consolidation was established but not frenzied. Monro traded publicly as the sector’s visible consolidator, Mavis was scaling under Golden Gate Capital, and single-shop deals priced in the familiar 2x to 3.5x SDE broker range reflected in BizBuySell’s multi-year benchmark series. The fed funds rate stood at 1.50 to 1.75 percent at year-end 2019 per Federal Reserve H.15 historical data, a level that already supported active debt-financed acquisition but nothing like what followed.

2020 to 2022: the consolidator peak

Near-zero policy rates and proof of pandemic resilience in automotive aftermarket demand produced the sector’s three landmark prints in quick succession. Meritage Group agreed to acquire Les Schwab in September 2020 at a Reuters-reported approximately $3 billion. BayPine and TSG Consumer Partners agreed to acquire Mavis in March 2021 at a Bloomberg-reported enterprise value above $6 billion. Leonard Green acquired its majority stake in Sun Auto in September 2021 at a press-reported multiple in the roughly 12x to 14x adjusted EBITDA area. Platform pricing at those levels pulled add-on pricing upward through 2022, and regional independents enjoyed the strongest seller’s market the vertical had seen.

2023 to 2024: rate compression and distribution stress

The fed funds target reached 5.25 to 5.50 percent by July 2023 per Federal Reserve H.15, raising platform debt costs and compressing what sponsors could pay. GF Data’s cross-industry average settled near 7.2x enterprise-value-to-EBITDA from 2023 through H1 2025 per GF Data reporting, roughly a turn and a half below peak-period platform behavior. The October 2024 ATD Chapter 11 then put distribution risk into every tire deal’s diligence checklist. Broker-market pricing followed with a lag: BizBuySell recorded a 16 percent decline in median auto service shop sale value in 2025 per its valuation benchmarks.

2025 to Q2 2026: rebase and selective re-acceleration

Three Fed cuts in late 2025 brought the target range to 3.50 to 3.75 percent, held at the June 17, 2026 FOMC meeting. Demand fundamentals stayed firm, with USTMA projecting record 2025 shipments including 221.6 million replacement passenger tires. Consolidators kept buying through the rebase. Sun Auto passed 575 locations, and Mavis closed the Midas acquisition in June 2025 to exceed 3,500 locations.

Yet the June 2026 FOMC projections showing a median 3.8 percent year-end rate warn against expecting 2021 pricing to return. The market has rebased to a structure where quality assets clear efficiently within band and marginal assets sit unsold, sometimes for years. The EV tire-wear tailwind per Michelin is the main argument that this vertical’s bands drift upward rather than downward from here, and it is a demand argument rather than a financing one, which makes it more durable than anything rate-driven.

Deal Structure: What Sellers Actually Receive

Multiples describe headline price; structure determines what sellers actually receive and when. The elements below recur across tire and service transactions at every size, and each one can move real proceeds by more than a half turn of headline multiple.

Cash at close

Competitive processes for quality multi-location groups in 2025 and 2026 have generally delivered the substantial majority of consideration in cash at close. Single-location Main Street deals routinely split consideration across cash, seller financing, and occasionally earnouts per IBBA Market Pulse structure reporting. A seller comparing two offers should compare the cash-at-close figures first and the headline multiples second, because the gap between the two is where deals disappoint.

Seller notes

Seller financing of roughly 10 to 20 percent of price remains standard machinery in SBA-financed tire shop deals. Notes bridge valuation gaps, and SBA 7(a) structures commonly use a standby seller note as part of the buyer’s equity injection. Lender-by-lender appetite for these structures is profiled in our SBA acquisition lender rankings, and sellers should understand that a standby note is patient capital by design, with payments deferred while the senior loan seasons.

Financing math and the multiple ceiling

At Main Street scale, the achievable multiple is bounded by what a cash-flow lender will underwrite, which makes the rate environment a direct pricing input rather than background noise. SBA 7(a) loans price off the prime rate, which moves with the fed funds target, so the late-2025 sequence of three cuts to a 3.50 to 3.75 percent target range per the Federal Reserve lowered debt service on a typical ten-year acquisition note relative to the 2023 to 2024 peak. Lower debt service widens the coverage cushion a lender requires, which in turn lets a buyer stretch toward the top of the SDE band without failing underwriting.

The same logic runs in reverse at platform scale. Sponsors financing at floating spreads saw borrowing costs compress what they could pay between 2022 and 2024, a dynamic visible in GF Data’s cross-industry average holding near 7.2x from 2023 through H1 2025 per GF Data. Sellers reading this report in late 2026 should note that the June 2026 FOMC projections lean toward a slightly higher year-end rate, which argues against timing a sale around expected further easing.

Earnouts

Earnouts appear most often where fleet account retention or a single large commercial relationship drives value. Benchmarks by deal size are covered in our founder earnout benchmarks guide. In this vertical the characteristic earnout trigger is retention of named fleet accounts through 12 to 24 months post-close, which converts the concentration risk identified in diligence into a shared bet rather than a pure price cut.

Rollover equity

Consolidator acquisitions of regional groups frequently include rollover of roughly 10 to 30 percent of seller proceeds into platform equity, aligning the seller with the next exit. Market norms are detailed in our founder rollover equity benchmarks. Sellers rolling into a platform underwritten at 9x-plus are effectively buying the consolidator arbitrage described in the synthesis section below, and the second bite at exit has in some reported cases rivaled the first check.

The real estate split

Tire retail’s defining structural quirk is that the dirt often rivals or exceeds the business in value at single-location scale. Standard practice separates the transactions: the operating business trades on its SDE or adjusted EBITDA multiple net of market rent, and the real estate trades at appraised value or converts into a long-term lease to the buyer. Sellers who insist on valuing owned real estate inside the business multiple systematically misprice one asset or the other. Monro’s fiscal 2026 sale of 26 owned store properties during its footprint rationalization per its Form 10-K shows the same business-versus-property separation logic operating at public scale.

Diligence infrastructure

Buyers above roughly $1 million of adjusted EBITDA now routinely expect a quality of earnings review, covered in our QoE overview and provider comparison. Representations and warranties insurance appears in the larger platform trades, covered in our R&W carrier comparison. Sell-side QoE adoption among lower-middle-market sellers has grown because it defends the adjusted EBITDA figure the whole multiple rests on, per Middle Market Growth’s GF Data commentary.

Working capital and inventory pegs

Tire inventory makes the working capital peg a larger negotiation in this vertical than in labor-only service formats. The peg is typically set from a trailing-twelve-month average of net working capital, and disputes concentrate on aged tire stock, seasonal winter-tire builds in northern markets, and supplier program receivables. Sellers who normalize inventory to saleable, current-fitment stock before the process starts avoid the common outcome where a headline multiple survives the letter of intent but the peg quietly claws back a meaningful slice of proceeds at closing. Buyers, for their part, generally model incremental working capital for any planned service expansion, since adding alignment and brake capacity ties up parts inventory alongside equipment capex.

Original Synthesis: Three Derived Insights

Insight one: the service-share sensitivity, or the tire-only discount and the tire-plus-service premium

Triangulating the observed evidence produces a consistent mix effect. Tire-only retail shops cluster at the bottom of their SDE bands, near 2.0x to 2.5x SDE at Main Street scale. Comparable shops with 40 percent or more of gross profit from attached mechanical service cluster near the top, at 3.5x to 4.0x SDE, based on the spread structure in BizBuySell auto service benchmarks and IBBA Market Pulse size-band data read against tire-segment listing behavior. That is a spread of roughly 1.0x to 1.5x SDE attributable primarily to mix, worth $250,000 to $375,000 on a shop earning $250,000 of SDE.

The mechanism is margin durability. Manufacturer-transparent tire pricing caps product margin, while service labor margin is local and defensible. The practical implication for owners on a two-to-four-year exit runway is that building alignment and brake attach is the highest-return valuation project available, because it moves both the earnings base and the multiple applied to it at the same time. No other single intervention in this vertical carries that double effect.

Insight two: the consolidator arbitrage, quantified

The same dollar of tire and service earnings is worth two to four times more inside a platform than standing alone. A single shop generating $300,000 of SDE trades around 2.5x to 4.0x per the Main Street evidence above, roughly $750,000 to $1.2 million. A platform underwritten at the Sun Auto press-reported 12x to 14x area at peak, or a more conservative 9x to 12x in current conditions, values the equivalent post-overhead earnings contribution of that same store at several multiples of its standalone price.

This spread is the entire economic engine of the roll-up. Sun Auto’s growth from roughly 132 stores in September 2021 per Tire Business to more than 575 by early 2026 per PR Newswire is, mechanically, a program of buying earnings at add-on multiples and holding them at platform multiples. The Les Schwab trajectory shows the same arithmetic at maximum scale, from a Reuters-reported approximately $3 billion in 2020 per Modern Tire Dealer to a reported $7 billion-plus exploration at around 15x in 2024 per Reuters syndication.

For sellers, the actionable insight is that the arbitrage is partially capturable. Groups that assemble to $2 million-plus of adjusted EBITDA with density before selling capture one to three turns of it themselves, and rollover equity captures a second slice at the platform’s next exit. The public-market caveat stands, since Monro’s roughly 9.2x EV/EBITDA per Stock Analysis marks where the arbitrage ends when growth stalls. A platform that stops acquiring becomes a public-comparable business overnight, and its equity value reprices to match.

Insight three: the EV transition makes tire and service the best-positioned format in automotive aftermarket

Quantifying the drivetrain transition for this vertical yields a net-positive demand equation unique among automotive service formats. Tire consumption rises: EVs wear tires roughly 20 percent faster per Michelin, and estimates run to 20 to 30 percent per GreenCars, on tires that also carry higher unit prices as EV-specific lines from Michelin, Goodyear, and Bridgestone command engineering premiums per C&EN. Oil change demand falls to zero per EV, which strands lube-centric formats but costs a tire-led shop only its smallest-ticket service line.

Directionally, a 20 percent wear acceleration on an EV converts a four-year replacement cycle to roughly 3.2 to 3.3 years. That compression pulls forward roughly one additional tire purchase event per vehicle per decade of ownership. Layered onto record baseline demand of 221.6 million replacement passenger tires projected for 2025 per USTMA, the transition supports the argument that tire and service deserves a durability premium over oil-change-dependent automotive formats in the 2026 to 2030 underwriting window. Buyers have begun paying for that positioning selectively, and this report expects the differential to widen as EV share of the vehicle parc compounds.

Methodology

This report synthesizes observed and reported transaction multiples for United States tire and service businesses from named, dated, publicly identifiable sources compiled in July 2026. The approach ran in five steps.

  1. Source identification. Sources were gathered across three tiers: subscription transaction databases and survey series (GF Data, IBBA Market Pulse, BizBuySell closed-transaction benchmarks, DealStats, BizComps, PeerComps, PitchBook), trade and advisory publications (Modern Tire Dealer, Tire Business, Tire Review, Auto Care Association, TIA, Colonnade Advisors, Focus Investment Banking, Capstone Partners), and primary disclosures (SEC filings for Monro, company and sponsor press releases, court-supervised bankruptcy records for ATD, and wire-service reporting for the Mavis, Sun Auto, and Les Schwab transactions).
  2. Citation-gap scan. Search results for “tire shop M&A multiples” and “tire service EBITDA multiples” as of July 2026 surface predominantly unsourced broker content and calculator pages. This report addresses that gap by attaching a named source, earnings basis, size band, geography, and vintage year to every multiple presented.
  3. Extraction and verification. Every disclosed deal figure was traced to its reporting outlet. Figures reported by a single outlet, such as press commentary on the Sun Auto multiple, are labeled press-reported and treated as indicative. No undisclosed named-company multiples are presented anywhere in this report.
  4. Synthesis rules. SDE and adjusted EBITDA ranges are never blended within a band. Where cross-industry data from GF Data or IBBA anchors a band, the vertical-specific adjustment is stated and attributed to trade or advisory commentary rather than asserted flatly. Conditional language is used throughout because observed ranges describe other companies’ transactions, not any reader’s business.
  5. Limitations. Private tire and service transaction data is sparse. Self-reported survey data carries response bias, broker-market medians reflect only businesses that sold, and platform multiples are known primarily from press reporting rather than definitive documents. Rate vintage matters: 2020 to 2021 prints occurred at near-zero policy rates and are not directly comparable to 2025 to 2026 conditions at a 3.50 to 3.75 percent fed funds range per the Federal Reserve.

To repeat the framing that opened this report: this analysis is not investment advice, not legal advice, not tax advice, not financial advice, and not a business appraisal or an opinion of value for any specific business.

Source Quality Ranking

Tier 1: transaction databases and structured surveys

  • GF Data: PE-sponsored deals of $10 million to $500 million enterprise value; the most rigorous size-band evidence available for the two largest bands in this report.
  • IBBA Market Pulse: quarterly broker survey with 300 respondents in Q1 2026; the best recurring Main Street evidence.
  • BizBuySell valuation benchmarks: closed-transaction medians for the auto repair and service category including tire shops.
  • DealStats, BizComps, and PeerComps (NAICS 441320 and 811198): subscription comparable databases, referenced as methodological infrastructure; individual records are not reproduced here.
  • PitchBook: sponsor activity tracking and public comparables.

Tier 2: trade and advisory

Tier 3: primary disclosures and wire reporting

Excluded from this report: unsourced broker blogs, generic multiple calculator pages, listing asking prices presented as closed values, and any named-deal multiple lacking press or filing provenance.

For Journalists: Summary, Headlines, and FAQs

Press summary (150 words)

Tire and service businesses are trading at sharply different prices depending on size, according to a 2026 benchmark analysis by CT Acquisitions. Single-location shops with working owners have sold for roughly 2.5 to 4 times seller’s discretionary earnings in 2024 through mid-2026 broker data, while regional chains with $1 million to $3 million of adjusted EBITDA cleared 5 to 7 times, and private-equity platforms above $10 million of EBITDA transacted around 9 to 12 times. Disclosed landmark deals anchor the top: Mavis Tire’s 2021 recapitalization at a reported enterprise value above $6 billion, Leonard Green’s 2021 Sun Auto purchase press-reported near 12 to 14 times EBITDA, and Les Schwab’s reported $3 billion sale in 2020. The analysis identifies electric vehicles, which wear tires roughly 20 percent faster per Michelin, as a structural demand tailwind unique to the tire format. Ranges are observed benchmarks, not appraisals.

Five headline options

  1. Tire Shop Valuations in 2026: Why the Same Store Is Worth 4x on Main Street and 12x Inside a Private Equity Platform
  2. The Tire Roll-Up Arbitrage: What Mavis, Sun Auto, and Les Schwab Deals Reveal About Small Shop Value
  3. EVs Kill the Oil Change but Feed the Tire Shop: The Valuation Math Behind a 20 Percent Wear Tailwind
  4. From 2.5x to 12x: The Size Ladder Driving Tire and Service M&A in 2026
  5. After ATD’s Bankruptcy and Three Fed Cuts, Here Is What Tire and Service Businesses Actually Sell For

Frequently asked questions

1. What is a typical tire shop worth in 2026?

Single-location tire and service shops have generally sold for roughly 2.5x to 4.0x SDE in 2024 through mid-2026 United States broker-market data per BizBuySell and IBBA Market Pulse, with tire-only formats toward the bottom and service-heavy formats toward the top. Any individual shop could price outside that range.

2. What multiple do multi-location tire chains sell for?

Regional groups with roughly $1 million to $3 million of adjusted EBITDA have generally cleared 5.0x to 7.0x adjusted EBITDA, consistent with GF Data small-enterprise-value averages of 5.5x to 6.7x in 2025.

3. What did the big tire platform deals price at?

Mavis was recapitalized in March 2021 at a Bloomberg-reported enterprise value above $6 billion per the deal announcement coverage. Sun Auto’s 2021 sale to Leonard Green was press-reported around 12x to 14x adjusted EBITDA per Tire Business coverage context, and Les Schwab sold for a Reuters-reported approximately $3 billion in 2020 per Modern Tire Dealer.

4. Is SDE or EBITDA the right earnings measure for a tire shop?

SDE fits owner-operated shops where the buyer replaces the owner’s labor, typically below roughly $750,000 of earnings. Adjusted EBITDA fits businesses underwritten with paid management. The two produce different multiples and should never be blended in one range.

5. Does owning the real estate change the multiple?

The operating multiple applies to business earnings after market rent; owned real estate trades separately at appraised value or through sale-leaseback. On single-location corner lots the property can be worth more than the business, which is why the transactions are split.

6. How did the ATD bankruptcy affect tire shop values?

American Tire Distributors’ October 2024 Chapter 11 and March 2025 sale to lenders made supplier concentration a standard diligence item, pressuring pricing for dealers dependent on a single wholesaler and favoring shops with manufacturer programs or buying-group membership.

7. Are electric vehicles good or bad for tire shop valuations?

Directionally positive for tire-led formats. EVs wear tires roughly 20 percent faster per Michelin while eliminating oil changes, so tire and service shops gain demand that lube-centric formats lose.

8. What premium does commercial and fleet work carry?

Documented, diversified fleet revenue has generally supported pricing a half turn to a full turn above comparable retail-only shops per advisory commentary from Focus Investment Banking, though heavy concentration in one or two accounts reverses the premium.

9. Who is buying tire and service businesses in 2026?

SBA-financed individuals at Main Street scale; regional consolidators such as Belle Tire, Tire Discounters, and VIP Tires and Service in the middle; and PE-backed national platforms led by Mavis at more than 3,500 locations and Sun Auto at more than 575.

10. Are these multiples an appraisal of my business?

No. They are observed ranges from other companies’ reported transactions, presented for benchmarking. A specific business requires a credentialed valuation professional and deal-specific analysis; this report is not advice and not an appraisal.

Related Research

Related research: for the 2026 Automotive Services M&A Multiples Report, the cluster pillar comparing 8 automotive sub-verticals side-by-side, see the linked report.

Related research: for the 2026 Auto Repair and Mechanic Shop M&A Multiples Report, sibling automotive spoke, see the linked report.

Related research: for the 2026 Quick Lube M&A Multiples Report, sibling automotive spoke with car-count economics + Valvoline/Breeze 10.7x disclosed anchor, see the linked report.

CT ACQUISITIONS

Disclaimer: CT Acquisitions is not a registered broker-dealer, investment advisor, or financial service provider. We act solely as a buy-side consultant and independent sponsor source. All information provided on this website is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment opportunity. We do not provide legal, tax, or accounting advice. Any potential transaction is subject to due diligence and legal documentation.

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