Icahn Enterprises agrees to sell Pep Boys to Mavis for $700 million cash

• Mavis Tire agreed to buy Pep Boys from Icahn Enterprises for about USD 700 million in cash, subject to customary price adjustments.
• Icahn Enterprises will retain Pep Boys’ owned real estate previously transferred to Icahn, along with the AAMCO and Precision Tune businesses.
• Pep Boys operates nearly 800 automotive service locations nationwide.
• Mavis expects the deal to lift its network to more than 4,400 service centers across the U.S. and Canada, strengthening its Western U.S. footprint.
• The transaction is expected to close in the coming months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icahn Enterprises LP published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720845773) on July 21, 2026, and is solely responsible for the information contained therein.