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October 09, 2015 4:55 PM ET

Specialty Retail

Company Overview of Midas, Inc.

Company Overview

Midas, Inc. provides retail automotive services principally through franchised, company-operated, or licensed shops primarily in the United States, Canada, and Europe. The company sells Midas, SpeeDee and Midas-SpeeDee co-branded franchises. Its retail shops offer exhaust, brake, suspension, air conditioning, tires, batteries, and various other maintenance services. As of December 31, 2011, the company operated the Midas network of 1,484 franchised and company-operated shops located in the United States and 9 Canadian provinces; the SpeeDee network of franchised and company-operated shops consisting of 103 shops in located in 10 states in the United States; and 775 Midas shops licensed in 12...

1300 Arlington Heights Road

Itasca, IL 60143

United States

Founded in 1954

765 Employees





Key Executives for Midas, Inc.

President and Chief Executive Officer
Age: 67
Chief Financial Officer, Executive Vice President, and Treasurar
Chief Operating Officer and Executive Vice President
President of Owned Retail Store Division, Chief Operating Officer of Owned Retail Store Division and Executive Vice President of Owned Retail Store Division
Senior Vice President, General Counsel and Secretary
Age: 49
Compensation as of Fiscal Year 2015.

Midas, Inc. Key Developments

Cyfrowy Polsat Denies Acquisition of Midas

Cyfrowy Polsat S.A. (WSE:CPS) denies merger talks with Midas, Inc. Eryk Walkiewicz, Head of Treasury and Finance of Cyfrowy Polsat, said, “The group is not working on any acquisitions, including the allegedly planned takeover of Midas.”

Cyfrowy Polsat Not Working On A Midas Acquisition Plan

Cyfrowy Polsat S.A. (WSE:CPS) denies merger talks with Midas, Inc. Tomasz Gillner-Gorywod , Chief Executive Officer of Cyfrowy Polsat, said, “Midas is a very reasonable acquisition target long-term, but no planning is underway as refinancing takes top priority. The Midas group eventually should join the Cyfrowy Polsat group. At this point really we are preoccupied with this refinancing process and we are not working on a Midas acquisition plan."

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