Pep Boys — Manny, Moe & Jack has bought a six-year-old shop in the San Francisco area, which it says is located in "a target market" for more growth.
Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group LLC, has acquired Newpark Auto Service in Newark, Calif. The store has seven bays and will be rebranded as a Pep Boys Service & Tire Center.
“Newpark is an excellent addition to our existing store base in the San Francisco region, a target market for ongoing growth as we expand our national service center network,” says James Healy, senior vice president of corporate development and strategy for Icahn Automotive. “With its ideal location within a busy shopping center, and in an area that is expanding, we see great potential to grow the shop’s business.”
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Here's a look back at the company's growth since the start of 2017: