Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pep Boys Acquires 17 So. Cal. Discount Tire Centers

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Automotive aftermarket parts chain Pep Boys (NYSE: PBY  ) announced today it had acquired 17 discount tire centers in Southern California from privately held AKH.

Located across the greater Los Angeles market, the tire centers will reopen on Sept. 12 as Pep Boys stores, and provide full-service vehicle maintenance and repair, including brand-name and private-label replacement tires. Pep Boys President and CEO Mike Odell said, "We aim to grow in the neighborhoods where our customers live and work through the acquisition and development of service and tire centers."

Noting that, with the acquisition, the aftermarket parts and service chain now operates 150 stores in the state, Pep Boys' senior VP for business development Joe Cirelli added, "With this acquisition, 75% of Los Angeles-area residents live within three miles of a Pep Boys location." It has more than 750 locations nationwide.

Headquartered in Philadelphia, PA, Pep Boys has more than 7,300 service bays in more than 750 locations in 35 states and Puerto Rico, and has been in operation since 1921.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2626696, ~/Articles/ArticleHandler.aspx, 5/31/2016 8:23:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 days ago Sponsored by:
DOW 17,873.22 44.93 0.25%
S&P 500 2,099.06 8.96 0.43%
NASD 4,933.51 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
PBY $0.00 Down +0.00 +0.00%
The Pep Boys - Man… CAPS Rating: **