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.
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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.
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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 · 2h ago
- Bala Cynwyd-based Pep Boys to be acquired by Mavis for $700 million Inquirer.com · 2h ago
- Mavis Tire Express reaches agreement to acquire Pep Boys Tire Business · 2h ago
- Mavis Tire to acquire iconic auto-service chain in $700M deal Fox Business · 2h ago
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