Is Pep Boys owned by private equity?

Yes. Pep Boys is currently owned by Icahn Enterprises, which acquired it in 2016. Carl Icahn's firm bought Pep Boys for $1 billion, then closed the stores and kept the garages.

What happened to Pep Boys after the acquisition?

Retail stores closed across 24 states as Pep Boys abandoned parts retail to focus on its roughly 1,000 service centers If you bought parts at Pep Boys to fix your own car, that option is gone — the company would rather sell you the repair

Pep Boys is owned by Icahn Enterprises, which acquired it in 2016.

Is Pep Boys Private Equity Owned?

PRIVATE EQUITY OWNED

Pep Boys

Includes Pep Boys - Manny, Moe & Jack

Automotive · Philadelphia, PA

PE Firm: Icahn Enterprises
Year Acquired: 2016

Carl Icahn's firm bought Pep Boys for $1 billion, then closed the stores and kept the garages.

What They Did

Icahn Enterprises bought Pep Boys for about $1 billion in 2016, taking the publicly traded chain private and ending public visibility into its finances
By 2021 the company had shut or sold at least 120 of its 500-plus retail stores and leased 109 more storefronts to competitor Advance Auto Parts — keeping only the service garages
Icahn's separate auto-parts distributor, Auto Plus, filed for Chapter 11 in January 2023. Pep Boys was a separate business in the same group and stayed out of the bankruptcy

Since the Acquisition

Retail stores closed across 24 states as Pep Boys abandoned parts retail to focus on its roughly 1,000 service centers
If you bought parts at Pep Boys to fix your own car, that option is gone — the company would rather sell you the repair
Many of the old storefronts now operate as Advance Auto Parts, while the Pep Boys name survives only on the garage side

Sources

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Is Pep Boys Owned by Private Equity?

Pep Boys

What They Did

Since the Acquisition

Sources

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