Pep Boys Archives - Page 3 of 4 - Tire Review Magazine
Pep Boys Acquiring 15 News Location in Phoenix

Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group, is acquiring Advanced Auto Service & Tire Centers in Phoenix, Ariz. “We are pleased to increase our store density in the metropolitan Phoenix area with the acquisition of Advanced Auto Service & Tire Centers, the third largest independent automotive service chain in the market,” said Bill Ihnken, Icahn Automotive president of service.

Icahn Expands in Detroit Market

Icahn Automotive Group today announced several major investments in the Detroit metropolitan region, including further investments in Pep Boys locations as well as several acquisitions.

Pep Boys Acquires Connecticut Dealer

Expanding its nationwide footprint, Pep Boys has acquired AutoMaster Service Center in Southington, Conn.

Pep Boys Continues Expansion of National Automotive Service Network

Pep Boys has acquired PJ’s Auto & Tire Center in Franklin Square, N.Y. The company also a new location in Bordentown, New Jersey.

Pep Boys Buys Memphis Dealers

Pep Boys has acquired Mathis Tire & Auto Service and Direct Tire Distributors in Memphis, Tenn., making the company the third-largest automotive service chain in the city.

Pep Boys Purchases Just Brakes

Pep Boys has increased its retail footprint with the purchase of the privately held Just Brakes automotive repair and maintenance chain.

Auto Plus and Pep Boys Names New CEO, Executive Team

Brent Windom has been named president and CEO of Auto Plus and Pep Boys. Icahn Enterprises L.P. successfully completed the acquisition of The Pep Boys – Manny, Moe & Jack on Feb. 4, 2016, and acquired Auto Plus, a major U.S.-based distributor of automotive aftermarket parts, in June 2015. Windom, a more than 30-year veteran of

Deal Done: Icahn Gets Keys to Pep Boys

Icahn Enterprises closed its $1.03 billion acquisition of Pep Boys, paying $18.50 per share in the all-cash deal. As a result of the completion of the merger, the common stock of Pep Boys will no longer be listed for trading on the New York Stock Exchange or any other exchange. Billionaire Carl Icahn, chairman of

Bridgestone Eyes Store Expansion in US

Despite losing its bid for Pep Boys, Bridgestone is still looking to expand its retail footprint in the United States. The tiremaker is planning to expand to 6,000 stores by 2020, CEO Masaaki Tsuya told Japanese financial publication Nikkei. In addition to opening new stores, Bridgestone is considering increasing contracts with dealerships, according to Tsuya. Bridgestone

Pep Boys Considers Icahn Buyout

A recent proposal for the purchase of The Pep Boys – Manny, Moe & Jack, may lead to a bidding war for the company.  Pep Boy’s board of directors announced that a proposal from Icahn Enterprises to acquire Pep Boys for $15.50 a share, could be defined as a “Superior Proposal” as defined in the

Early Termination of Waiting Period for Bridgestone’s Tender Offer for Pep Boys

The waiting period required under the Hart-Scott-Rodino Antitrust Improvement Act (HSR Act) has been terminated with respect to the cash tender offer to purchase all of the outstanding shares of Pep Boys, Bridgestone Americas said. The tiremaker added that the tender offer condition under the HSR Act has been satisfied. Bridgestone previously commenced a cash

Bridgestone Commences Tender Offer on Pep Boys

Bridgestone Americas’ wholly owned subsidiary TAJ Acquisition Co., the purchaser for the tiremaker, is commencing a cash tender offer to purchase all outstanding shares of The Pep Boys. Bridgestone announced on Oct. 26 that it has entered into a definitive merger agreement to acquire Pep Boys for nearly $835 million. Upon successful closing of the