MEMPHIS — Pep Boys — Manny, Moe & Jack has acquired Mathis Tire & Auto Service and Direct Tire Distributors in Memphis, establishing a retail position in that market for the first time with a dozen locations and a 6,000-unit warehouse.
Pep Boys, part of Icahn Enterprises L.P. since early 2016, said it will transition the Mathis and Direct Tire locations to Pep Boys Service & Tire Centers signage and expand the hours of and the services offered at the 12 locations, including oil changes, brake repair and suspension work in addition to tire installations.
Financial terms of the deal are not being disclosed. The transaction affects 90 employees.
Bill Ihnken, president of service for Pep Boys, said the acquisition "allows us to enter into a new market with Pep Boys' Service business while leveraging well-established locations with significant growth potential."