Mavis Tire to acquire iconic auto-service chain in $700M deal
Mavis Tire is expanding its market footprint 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, a Bala Cynwyd-based auto-service chain. The deal is valued at $700 million.
Coverage from Fox Business, Inquirer.com, Motor1.com, and Tire Business emphasizes that this move further increases the size of the nation's largest tire retailer. 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 Mavis Tire paying for Pep Boys?
The acquisition deal is valued at $700 million.
Where is Pep Boys based?
Pep Boys is based in Bala Cynwyd.
What is the scale of Mavis Tire's market position?
According to Motor1.com, Mavis Tire is the nation's largest tire retailer.
Coverage (4)
- The Nation's Largest Tire Retailer Just Got Bigger: Mavis Tire Buys Pep Boys Motor1.com · 4h ago
- Bala Cynwyd-based Pep Boys to be acquired by Mavis for $700 million Inquirer.com · 4h ago
- Mavis Tire Express reaches agreement to acquire Pep Boys Tire Business · 4h ago
- Mavis Tire to acquire iconic auto-service chain in $700M deal Fox Business · 4h ago broke it first
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