PHILADELPHIA (Jan. 23, 2017) — Pep Boys – Manny, Moe and Jack has acquired Just Brakes L.L.C., an automotive repair and maintenance chain with 134 stores throughout the U.S. southern tier, boosting the number of Pep Boys locations to more than 900.
Financial terms of the deal were not disclosed. Pep Boys is owned by Icahn Enterprises L.P.
Acquiring privately held Just Brakes will allow Pep Boys to strengthen its presence in target markets, including Dallas and Atlanta, and "demonstrates our steadfast commitment to growing our service business," said Pep Boys President and CEO Brent Windom.
Pep Boys intends to convert Just Brakes' locations to its Pep Boys Service & Tire Center format and has retained the services of Bill Ihnken, former CEO of Just Brakes, to become Pep Boys' president of service, Mr. Windom said.