Midas (automotive service)

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Midas, Inc.
Formerly called
Midas Muffler
Subsidiary
Founded April 20, 1956; 61 years ago (1956-04-20)[1]
Macon, Georgia, U.S.
Founder Nate H. Sherman
Headquarters Palm Beach Gardens, Florida, U.S.
Number of locations
2,300+ (May 2011)[2]
Revenue US$183.6 million (2011)
US$17.8 million (2011)
US$4 million (2011)
Total assets US$215.8 million (2011)
Parent TBC Corporation
(2012–present)
Website www.midas.com

Midas, Inc. is an American chain of automotive service centers headquartered in Itasca, Illinois. In its North American main and home market, Midas stores are company-owned or franchised. In the 17 other countries it operates in,[citation needed] the service centers are either licensed or franchised. Midas is one of the world’s largest providers of automotive services, offering brake, maintenance, tires, exhaust, steering and suspension services at more than 2,000 franchised, licensed and company-owned Midas shops in 13 countries, including nearly 1,300 in the United States of America and Canada. Midas also owns the SpeeDee Oil & Auto Service business, with more than 150 auto service centers in America.[citation needed]

History[edit]

In April 1956, Midas, an acronym of Muffler Installation Dealers' Associated Service, was established by Nate H. Sherman and the first Midas Muffler opened that year in Macon, Georgia. The chain was originally known as Midas Muffler as they specialized in the replacement of mufflers. In recent years, they have marketed themselves as Auto Service Experts, as they are capable of performing most routine and common automobile service, including brakes, fluid changes, and suspensions. The name is derived from the king Midas and his golden touch, hence the slogan "Trust the Midas touch".

Midas was acquired by TBC Corporation in 2012.[3]

Slogans[edit]

  • Nobody beats Midas. Nobody. (1977–1986)[4]
  • The Midas Way. The way it should be. (1987–1996)
  • You should trust a Midas touch (1995–2000)
  • Trust the Midas touch (2001–)
  • Trust Midas (2006–)

Midas Man[edit]

Midas has been represented in television commercials by a fictional character and spokesman called the "Midas Man". The character has been portrayed by actor Ralph Peduto.[5]

References[edit]

  1. ^ "www.americasgreatestbrands.com/volume6/pdf/Midas.pdf" (PDF). AmericasGreatestBrands.com. Retrieved 2016-04-18. 
  2. ^ Midas Reports First Quarter Results
  3. ^ "TBC Corporation Has the 'Midas Touch,' Finalizes Acquisition"
  4. ^ http://www.midas.com/aboutmidas/ourhistory/tabid/166/default.aspx
  5. ^ Guzman, Kara (2014-05-13). "Ralph Peduto, Santa Cruz actor, dies from leukemia". Santa Cruz Sentinel. Retrieved 2014-06-12. 

External links[edit]