About Pep Boys
Pep Boys provides vehicle repair and maintenance services through a network of nearly 800 automotive service centers across the U.S. and Puerto Rico. Service is straightforward. The company offers car care services supported by team members trained to work in service bays, customer-facing roles, and behind the scenes, with an emphasis on simple, transparent, and accessible service.
Founded in Philadelphia in 1921 by Navy veterans Manny, Moe, and Jack, Pep Boys is now headquartered in Bala-Cynwyd, Pennsylvania. The company employs thousands of team members. Over time, it has grown to serve customers across the United States and Puerto Rico.
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Insights
Updated 21 Aug 2026Mavis Tire Express Services Corp. has closed its acquisition of Pep Boys from Icahn Enterprises for approximately $700 million in cash. That deal makes Pep Boys part of one of the largest independent tire and service providers in North America, and Pep Boys will keep its brand identity within the Mavis family.
For B2B readers, the main strategic point is simple. Pep Boys now sits inside a larger operating platform, which could influence channel relationships, service footprint, and its competitive position against other independent tire and service networks. The sources do not describe post-deal integration plans, but they do confirm the ownership change and the brand-retention approach.
Market and investor sentiment remains limited to the completed transaction itself. The acquisition had already been announced as a planned deal and closed on Aug. 20, 2026. No hiring, earnings, or customer demand metrics were provided in the sources.
Frequently asked questions
Pep Boys is headquartered in Bala-Cynwyd, Pennsylvania, United States.
Pep Boys has 5001-10000 employees according to its company profile.
Pep Boys operates in the Vehicle Repair and Maintenance sector. Public valuation figures are not always disclosed for private companies.