Mergers & Acquisitions ·
Icahn Enterprises L.P. completed the sale of The Pep Boys-Manny, Moe & Jack Holding Corp. to Mavis Tire Supply, LLC…
IEPIcahn Enterprises L.P.
Icahn Enterprises L.P. completed the sale of The Pep Boys-Manny, Moe & Jack Holding Corp. to Mavis Tire Supply, LLC for approximately $700 million in cash on August 20, 2026. Icahn Enterprises retained the owned real estate previously transferred from Pep Boys, as well as its AAMCO Transmissions and Precision Tune Auto Care businesses within its Automotive segment. This transaction significantly expands Mavis's network to over 4,400 locations across the United States and Canada. Icahn Enterprises L.P. is a diversified holding company engaged in segments including investment, energy, automotive, food packaging, real estate, home fashion, and pharma.