Midas began in 1956 as the Muffler Installation Dealers Associated Serivce or MIDAS for short. The company was founded by Nate Sherman with the first location in Macon, Georgia.
By 1966, there were 426 Midas locations.
In 1972, Midas International was purchased by IC Industries. The company was renamed to the Whitman Corporation.
In 1979, in addition to mufflers, the company begins to offer brake services.
By 1980, there were 1350 Midas locations worldwide.
In 1986, the 2000th location was opened.
In 1998, Whitman spun Midas off as its own company and is listed on the NYSE.
In 2001, the company purchases 98 franchise locations in an attempt to improve profits.
In 2012, the company is purchased by the TBC Corporation and taken private.
Today, there are over 2500 Midas locations worldwide.
Midas
Midas began in 1956 as the Muffler Installation Dealers Associated Serivce or MIDAS for short. The company was founded by Nate Sherman with the first location in Macon, Georgia.
By 1966, there were 426 Midas locations.
In 1972, Midas International was purchased by IC Industries. The company was renamed to the Whitman Corporation.
History
In 1979, in addition to mufflers, the company begins to offer brake services.
By 1980, there were 1350 Midas locations worldwide.
In 1986, the 2000th location was opened.
In 1998, Whitman spun Midas off as its own company and is listed on the NYSE.
In 2001, the company purchases 98 franchise locations in an attempt to improve profits.
In 2012, the company is purchased by the TBC Corporation and taken private.
Today, there are over 2500 Midas locations worldwide.
