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Mavis to Acquire Pep Boys for $700 M, Reach 4,000 Sites

7/21/2026

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Summary

Story summary

Mavis Tire Express Services Corp. agreed to acquire Pep Boys from Icahn Enterprises for approximately $700 million in cash.
Pep Boys operates nearly 800 automotive service locations in the United States and Puerto Rico.
After the deal, Mavis will operate over 4,000 locations and a combined network of more than 4,400 sites in the United States and Canada.

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Story summary

Mavis Tire Express Services Corp. agreed to acquire Pep Boys from Icahn Enterprises for approximately $700 million in cash.
Pep Boys operates nearly 800 automotive service locations in the United States and Puerto Rico.
After the deal, Mavis will operate over 4,000 locations and a combined network of more than 4,400 sites in the United States and Canada.