Midas, Inc. (MDS) provides retail automotive services principally through franchised or licensed shops in the United States, Canada, Europe and other countries. Through March 2008, the Company’s sole franchise concept was Midas auto repair centers (Midas). In April 2008, MDS acquired the SpeeDee Oil Change and Tune-up franchise system and as of January 3, 2009, sold Midas and SpeeDee and Midas-SpeeDee co-branded franchises. The Midas network of franchised and Company-operated shops provides automotive repair and maintenance services in North America with 1,674 shops located in all 50 United States and nine Canadian provinces as of January 3, 2009. The SpeeDee network of franchised and Company-operated shops consists of 116 shops located in 13 United States. In addition, both Midas and SpeeDee license their brands outside of North America. There are 835 Midas shops licensed in 14 other countries, and 57 licensed SpeeDee shops in Mexico.
(Source: 10-K) – less – More from ZoomInfo »