Mavis completes USD 700 million Pep Boys acquisition from Icahn Enterprises

• 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 retained Pep Boys-owned real estate previously transferred to it, along with the AAMCO and Precision Tune businesses.

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: 20260820322168) on August 20, 2026, and is solely responsible for the information contained therein.