Mavis Tire to acquire iconic auto-service chain in $700M deal
Mavis Tire is expanding its market lead through a $700 million acquisition of the iconic auto-service chain Pep Boys.
Velocity
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
The brief
Mavis Tire Express has reached an agreement to acquire Pep Boys. The deal is valued at $700 million and involves the Bala Cynwyd-based auto-service chain.
Coverage from Fox Business, Inquirer.com, Tire Business, and Motor1.com emphasizes the scale of the move, noting that the nation's largest tire retailer is further increasing its size. Future developments depend on the completion of the acquisition agreement between Mavis Tire and Pep Boys.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
How much is the acquisition deal worth?
The deal is valued at $700 million.
Where is Pep Boys based?
Pep Boys is based in Bala Cynwyd.
Who is the acquiring company?
Mavis Tire Express is the company acquiring Pep Boys.
Coverage (4)
- The Nation's Largest Tire Retailer Just Got Bigger: Mavis Tire Buys Pep Boys Motor1.com · 3h ago
- Bala Cynwyd-based Pep Boys to be acquired by Mavis for $700 million Inquirer.com · 3h ago
- Mavis Tire Express reaches agreement to acquire Pep Boys Tire Business · 3h ago
- Mavis Tire to acquire iconic auto-service chain in $700M deal Fox Business · 3h ago
Topics
Related trends
Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Mavis is acquiring auto-service chain Pep Boys from Icahn Enterprises in a $700 million cash transaction.
Ondas to Buy Autonomous Aircraft Maker DZYNE for $875.8 Million
Ondas is acquiring autonomous aircraft manufacturer DZYNE Technologies for $875.8 million to establish a leading autonomous defense platform.
Uber stalls European food delivery push as it pursues Delivery Hero takeover
Uber's European food delivery expansion is on hold as it eyes a major acquisition.
Chanel Is Buying Charvet, the World’s Oldest Shirt Maker
Luxury fashion house Chanel is acquiring Charvet, the world's oldest shirtmaker.
French Shipping Company CMA CGM to Buy FedEx Supply Chain for $1.4 Billion
French shipping giant CMA CGM is set to acquire FedEx's logistics arm for $1.4 billion, reshaping the global supply chain landscape.
Kroger to purchase Giant Eagle for $1.65 billion
Kroger is expanding its Midwest footprint with a $1.65 billion deal to acquire regional grocer Giant Eagle.