PHILADELPHIA, January 30, 2012: The Pep Boys - Manny, Moe & Jack (NYSE: PBY), the nation's leading automotive aftermarket service and retail chain, today 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. Total enterprise value of the transaction is approximately $1.0 billion.
The deal team was led by Business & Finance partner James McKenzie and associate Colby Smith, and included partners Michael Pedrick (Finance), Harry Robins (Antitrust), Judith Walkoff (Environmental) and David Zelikoff (Employee Benefits & Executive Compensation), along with associates Andrew Budreika, Martin D'halluin, Kate Moll-Taylor, Kourosh Pirouz, and George Tsai.