Pep Boys Acquires Just Brakes Repair Chain
Pep Boys has acquired the privately-held Just Brakes chain of repair and maintenance stores in a deal that will increase the chain's network to more than 900 locations.
Photo: Dwight Burdette
Photo: Dwight Burdette
Pep Boys has acquired the privately-held Just Brakes chain of repair and maintenance stores in a deal that will increase the chain's network to more than 900 locations, the company announced.
Just Brakes maintains 134 locations in eight states and 14 major metro markets, including Florida, Texas, and Arizona.
"Adding to our portfolio over 130 stores in strategic locations allows us to strengthen our presence in target markets, including Dallas and Atlanta, and demonstrates our steadfast commitment to growing our service business," said Brent Windom, Pep Boys president and CEO.
Terms of the deal were not disclosed.
The deal comes about a year after Pep Boys was itself acquired by activist investor Carl Icahn, who won a bidding war with Bridgestone on Dec. 30, 2015.
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