Midas Auto Repair Owner Mavis Tire Is Said to Pick Banks for IPO

Mavis Tire Express Services Corp., an auto repair and tire service provider that counts Midas and Tuffy among its brands, has picked banks for a US initial public offering, according to people familiar with the matter.

The company is working with Bank of America Corp. and Goldman Sachs Group Inc. on the IPO, which could happen as soon as this year, the people said, asking not to be identified as the matter is private. The share sale could raise about $2 billion, some of the people said.

Mavis, which traces its roots to 1949, is also working with Jefferies ...