Pep Boys enters into definitive agreement to be acquired by the Gores Group
Pep Boys announced that it has entered into a definitive merger agreement under which it will be acquired by The Gores Group, one of the nation's leading investment firms, led by founder and CEO Alec Gores.
Pep Boys is planning to broaden the test of a new store concept it launched last year in the Tampa, Fla., market.