Divestiture/carve-outJul 21, 2026Completed
🇺🇸 United States
PBThe Pep Boys-Manny, Moe & Jack Holding Corp.MTMavis Tire Express Services Corp.
Consumer & Retail › Retail
Enterprise value$700MEnterprise value
AnnouncedJul 21, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Mavis Tire Express Services Corp. agreed to acquire The Pep Boys-Manny, Moe & Jack Holding Corp. from Icahn Automotive Group LLC, a subsidiary of Icahn Enterprises, for about $700 million in cash, subject to customary purchase price adjustments. Icahn Enterprises retains the owned real estate and the AAMCO Transmissions and Precision Tune Auto Care businesses.
Deal rationale
The acquisition advances Mavis's growth strategy by adding the Pep Boys brand, a significant Western U.S. footprint and a distribution network to its service center network.
AI-generated from the SEC filingCompletedConsumer & Retail › RetailUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $700M | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
JJefferies
Sell-side
None listed
Parties
Target
PBThe Pep Boys-Manny, Moe & Jack Holding Corp.
- Headquarters
- United States
- Ticker
- —
Acquirer
MTMavis Tire Express Services Corp.
- Headquarters
- United States
- Ticker
- —