---
title: "Mavis Acquires Pep Boys for $700M: Automotive Franchising Trends"
url: https://burnaze.com/article/f9c1e1f8-409f-40ff-a434-9615ec9796cd
source: "1851 Franchise"
original_url: https://1851franchise.com/mavis-acquires-pep-boys-700m-2732645
category: "Repair & maintenance"
industry: "Automotive"
segment: "Repair & maintenance"
topics: ["Finance & M&A"]
published: 2026-07-23T17:12:16.000Z
modified: 2026-10-31T21:42:17.608Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/1784827675_feature.png
---

# Mavis Acquires Pep Boys for $700M: Automotive Franchising Trends

**TL;DR:** Mavis Tire Express Services Corp. has acquired Pep Boys for $700 million, adding 800 locations to its portfolio. The acquisition brings Mavis' total footprint to over 4,400 service centers across North America.

*originally published in 1851 Franchise on 2026-07-23. [Read the original](https://1851franchise.com/mavis-acquires-pep-boys-700m-2732645).*

## Story

Mavis Tire Express Services Corp. has entered into a definitive agreement to acquire Pep Boys from Icahn Enterprises L.P. (IEP) for approximately $700 million in cash. The acquisition will add about 800 Pep Boys retail locations to Mavis’ portfolio to bring its total footprint to over 4,400 service centers across North America.

As part of the agreement, IEP will retain ownership of underlying real estate transferred from Pep Boys. The AAMCO Transmissions and Precision Tune Auto Care franchises, also owned by IEP, are not part of the deal.

While Pep Boys is a legendary name in the auto care space, it operates on an entirely corporate model. Still, Mavis, which does run a franchise model, added it to the ecosystem. Owning and franchising major brands like Midas and Tuffy, Mavis is a key player driving automotive consolidation as it builds a hybrid footprint of both franchised and corporate-owned locations.

Acquiring large, corporate-owned networks like Pep Boys increases unit density and customer volume for Mavis. The acquisition could also give Mavis opportunities to optimize its corporate footprint, potentially by refranchising underperforming or strategically positioned units.

## Entities

- 1851 Franchise (publication)
- unit expansion (topic)
- Automotive (sector)
- acquisition (topic)
- Midas (company)
- AAMCO Transmissions (company)
- Precision Tune Auto Care (company)
- automotive franchising (topic)
- Mavis Tire Express Services Corp. (company)
- Pep Boys (company)
- Mavis acquisition of Pep Boys (deal)
- Mavis Tire Express Services Corp. acquisition of Pep Boys (deal)

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Originally reported by 1851 Franchise (https://1851franchise.com/mavis-acquires-pep-boys-700m-2732645). Summarized by Burnaze (https://burnaze.com/article/f9c1e1f8-409f-40ff-a434-9615ec9796cd).