Mavis has agreed to buy Pep Boys for approximately $700 million in cash.
The acquisition will add nearly 800 locations to Mavis' already massive service network.
The deal gives Mavis a much stronger presence in the western U.S. while keeping the iconic Pep Boys brand alive.
The nation's largest tire retailer is about to get even bigger. Mavis Tire has agreed to acquire Pep Boys from Icahn Automotive Group in a deal worth approximately $700 million in cash.
The acquisition adds nearly 800 Pep Boys service locations across the US and Puerto Rico to the Mavis portfolio. Combined with brands like Midas, NTB, Tire Kingdom, and several others already under its umbrella, Mavis further solidifies its status as one of the largest automotive service and tire retailers in North America.
