Mavis Tire is buying Pep Boys' auto-service and tire business from Icahn Enterprises for $700 million in cash. The deal, announced in July 2026 and effective August 20, 2026, creates one of the largest independent tire and auto service chains in North America, with a network the companies say now tops 4,400 locations.
For drivers, that likely means one corporate owner behind two familiar brands. Pep Boys, founded in 1921, now shares a parent with Mavis, which has spent years buying regional tire shops to grow its footprint and scale.
