Mavis completes USD 700 million Pep Boys acquisition from Icahn Enterprises
IEP•Mavis completes Pep Boys acquisition
Mavis completed its acquisition of Pep Boys from Icahn Automotive Group, a unit of Icahn Enterprises, for about USD 700 million cash.
Pep Boys will keep its brand under Mavis, expanding the combined network to more than 4,400 service centers in the US and Canada.
Icahn Enterprises retains other assets
Icahn Enterprises retained Pep Boys-owned real estate previously transferred to it, along with the AAMCO and Precision Tune businesses.
