Pep Boys makes acquisition

Pep Boys is expanding its national service center footprint in the Phoenix area.



The company, a wholly-owned subsidiary of Icahn Automotive Group, has entered into a definitive agreement to acquire Advanced Auto Service & Tire Centers. Advance operates 15 service centers in Arizona, with the majority in the Phoenix area. The Advance locations will be transitioned to Pep Boys Service & Tire Centers.



“We are pleased to increase our store density in the metropolitan Phoenix area with the acquisition of Advanced Auto Service & Tire Centers, the third largest independent automotive service chain in the market,” stated Bill Ihnken, president of service, Icahn Automotive.



Pep Boys operates approximately 1,000 locations in 35 states and Puerto Rico.