Bridgestone to Acquire 800 Pep Boys Stores
Bridgestone Americas is moving to acquire automotive parts retailer and service provider Pep Boys in an all-cash transaction valued at $835 million in share value, the company announced.
Photo of Pep Boys store in Farmington Hills, Mich., via Wikimedia.
Photo of Pep Boys store in Farmington Hills, Mich., via Wikimedia.
Bridgestone Americas is moving to acquire automotive parts retailer and service provider Pep Boys in an all-cash transaction valued at $835 million in share value, the company announced.
Bridgestone Retail Operations has entered into a merger agreement with Philadelphia-based The Pep Boys – Manny, Moe & Jack. As part of the deal, Bridgestone's retail subsidiary would acquire 800 Pep Boys stores to add to its 2,200 existing stores. The stores operate under the Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus and Wheel Works brand banners. Pep Boys manages more than 7,500 service bays.
Under terms of the deal, Bridgestone will pay $15 per share, which represents a 23% premium over Pep Boys closing price of $12.15 on Oct. 23.
Pep Boys is one of the largest national account vendors for the fleet management companies. Pep Boys also has a robust direct fleet program.
Read the full announcement here.
More Maintenance
How Can Fleet Managers Tell Which Repairs Require Closer Review?
Fleetio’s Brianna Perry demonstrates how Service Advisor evaluates maintenance requests, identifies pricing anomalies, and provides the context fleet managers need to focus their attention on potential problems.
Read More →
Why Roadside Assistance Belongs in a Fleet Risk Strategy
Roadside assistance is more than a tow. See how the right partner can protect drivers, uncover fleet trends, and strengthen your risk strategy.
Read More →
Hidden in Plain Sight: Fleet Compliance Risks
Fleet compliance isn't just about having policies — it's about consistently enforcing them. This practical guide reveals six hidden compliance risks common in public sector and shared fleet operations and outlines proven strategies to improve visibility, accountability, and audit readiness
Read More →
How Maintenance Costs Compare Across 27 Fleet Vehicles
Vincentric’s three-year, 60,000-mile projections reveal wide differences for both scheduled and unscheduled maintenance among selected vehicle categories. Projected maintenance visits also play a factor.
Read More →
The EV Breakdown Nobody's Talking About: Why Most Electric Vehicle Roadside Calls Aren't Mechanical Failures
Here's why EV breakdowns are widely misunderstood.
Read More →
How Stellantis Plans to Get Ahead of Fleet Downtime
Keeping fleet vehicles on the road has become as important as buying them. Darren Bradshaw of Mopar North America explains how connected vehicle data, AI, and proactive service strategies are helping Stellantis reduce downtime and move closer to predictive maintenance.
Read More →
Merchants Fleet Expands Maintenance Network with Pep Boys
Merchants Fleet has expanded its relationship with Pep Boys, increasing the service provider's role within its national maintenance network. The move is intended to enhance maintenance coordination and support commercial fleets through Pep Boys' nationwide footprint.
Read More →
The Two Biggest Summer Downtime Threats for Fleets
A conversation with a maintenance expert reveals the two most common summer maintenance pains and how to prevent them.
Read More →
Turning Connected Vehicle Data Into Decisions That Matter
Fleet leaders have more data than ever, but turning that data into clear, actionable decisions remains a challenge. This white paper shows how leading organizations are using connected vehicle data to improve safety, reduce costs, and optimize fleet performance. Learn how to turn insight into action across your fleet.
Read More →
Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →