The Mavis Pep Boys deal is reshaping the U.S. automotive service industry after Mavis Tire agreed to acquire Pep Boys from Carl Icahn’s holding company for $700 million. The transaction further expands one of the nation’s largest tire and vehicle service networks while highlighting the growing concentration of major automotive service brands under a small group of parent companies.
Mavis Expands With $700 Million Pep Boys Acquisition
Mavis Tire is acquiring Pep Boys for $700 million, adding approximately 800 Pep Boys locations to its existing network of several thousand stores across the United States.
The acquisition follows continued consolidation across the automotive aftermarket and service industry, where a limited number of parent companies control many well-known retail brands while maintaining their existing local identities.
Six Companies Dominate Major Auto Service Chains
According to the report, six large companies oversee most national chain automotive service businesses in the United States.
Many of those parent companies are backed by private equity firms, including Mavis, Driven Brands, Take 5, Strickland Brothers, and Jiffy Lube. Rather than replacing established regional brands, the strategy focuses on keeping familiar local names in place while operating them under larger corporate ownership.
Mavis Continues Its Multi-Brand Strategy
Mavis is owned by a private equity group that includes BayPine, Goldman Sachs’ West Street, and TSG Consumer Partners.
Beyond its flagship Mavis Discount Tire and Mavis Tires & Brakes brands, the company also operates NTB, Tire Kingdom, Tuffy, Town Fair Tire, Express Oil Change & Tire Engineers, Brakes Plus, Action Gator, Jack Williams, and Dekalb Tire. Last year, Mavis also acquired Midas.
With Pep Boys joining the portfolio, Mavis further expands one of North America’s largest automotive service networks.
Other Major Industry Players
Driven Brands, which is publicly traded and controlled by Roark Capital, operates brands including Take 5 Oil Change, Meineke, Maaco, CARSTAR, ABRA, Auto Glass Now, and 1-800-Radiator & A/C.
Monro, headquartered in Rochester, New York, manages 16 regional brands, including Monro Auto Service, Mr. Tire, Tire Choice, Free Service Tire, and McGee.
Bridgestone Retail Operations, owned by tire manufacturer Bridgestone, operates Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus, and Wheel Works. The report also notes that Bridgestone unsuccessfully attempted to acquire Pep Boys in 2015 before Carl Icahn completed the purchase.
Valvoline, a publicly traded company, operates Valvoline Instant Oil Change, Great Canadian Oil Change, and the Express Care platform. The report notes that the retail service business is now separate from the oil manufacturing business, which was sold to Saudi Aramco in 2023.
Jiffy Lube became part of Monomoy Capital Partners after Shell agreed in March 2026 to sell the approximately 2,000-location franchise network in a deal reported at about $1.3 billion. The transaction was completed in July.
What the Consolidation Means
The report notes that larger service networks can provide advantages such as improved pricing, more consistent warranties, and broader parts availability through national distribution systems.
At the same time, it also states that continued industry consolidation may reduce consumer choice as more well-known automotive service brands operate under a smaller number of corporate owners.
The Pep Boys acquisition represents another significant step in the ongoing consolidation of the U.S. automotive service industry, with familiar local brands increasingly becoming part of a handful of large parent companies.
