Tuesday, September 23, 2014
Inquirer Daily News

Pep Boys buys Florida Tire chain

Pep Boys buys 10 stores as it plans nationwide expansion

Pep Boys buys Florida Tire chain

Pep Boys, the North Philly-based auto parts and car repair chain that suffered through the 2000s boom but got a new lease on life when the weak economy forced Americans to patch up their old junkers, says it's spending $4.4 million to buy Orlando-based Florida Tire and its 10 stores.

Pep Boys has 570 stores nationwide, including 8 already in Orlando. Florida deal brings total new stores this year to 25; Pep Boys plans 40 next year, 80 in 2011, boss Mike Odell says here. AP story via Inquirer here.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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