Mavis Tire Acquires Pep Boys, Expanding North American Reach

Mavis Tire has acquired Pep Boys, adding nearly 800 service locations and strengthening its position as a leading automotive retailer in North America. This acquisition follows industry consolidation trends.

Mavis Tire’s Expanding Empire

Motor1’s Take: The Pep Boys acquisition is yet another in the cap of the expanding Mavis Tire realm. As soon as the deal is officially inked, Mavis will certainly be able to add Pep Boys’ name to its portfolio– like Thanos purchasing the Infinity Stones.

Strengthening Market Position

The purchase adds virtually 800 Pep Boys service locations across the United States and Puerto Rico to the Mavis profile. Integrated with brand names like Midas, NTB, Tire Kingdom, and a number of others already under its umbrella, Mavis additionally strengthens its standing as one of the largest vehicle solution and tire merchants in North America.

“Pep Boys is one of one of the most well-respected names in the automotive aftermarket, and we look forward to welcoming it right into the Mavis household of brand names,” keeps in mind David Sorbaro, Co-Chief Exec Officer of Mavis. “Pep Boys brings a dedicated customer base, deep-rooted market existence across the United States, and a distribution network that will meaningfully boost our supply chain nationwide.”

Industry Trends and Other Deals

This isn’t the only major consolidation occurring in the vehicle components and service industry, either. O’Reilly Automotive just recently made a reported $10 billion bid to acquire Genuine Parts Firm, the moms and dad company of NAPA Auto Components. That deal is still pending, however the Mavis-Pep Boys purchase is currently a done offer.