Mavis Officially Buys Pep Boys For $700 Million, Putting 800 Stores Under One Roof

Mavis Tire has officially completed its acquisition of Pep Boys for $700 million, bringing nearly 800 auto service locations under a single ownership umbrella. The deal does not erase the Pep Boys brand, as its storefronts will continue operating under the familiar name, but all operational control now rests with Mavis. The transaction marks one of the larger consolidations in the American automotive aftermarket in recent years.

The combined network gives Mavis a strong foothold beyond its traditional tire-focused quick-service model, adding Pep Boys' broader range of repairs, parts retail,