Icahn Automotive Group Continues to Expand Aftermarket Footprint
December 22 2017 - 9:34AM
Business Wire
Recent Acquisitions include 19 Service Centers
and NYC Auto Parts Distribution Business
Icahn Automotive Group LLC announced today that it has purchased
19 independently-owned service locations throughout the United
States.
Highlighted among these acquisitions are: Elliott Tire and
Service, a 10-shop center in Washington State; S&S Service in
Hamburg, NY; Jack’s Service Center in Miami, Florida; Blanchette’s
Auto Center in Dracut, Massachusetts; Quality Automotive in Napa,
California; Honest Auto Service in Seattle, Washington; two WS
Haynes Tire & Service locations in Memphis, Tennessee; RL&F
Auto Inc. in Morrisville, NC; and Plainfield Tire Center in
Plainfield, Indiana.
Icahn Automotive also announced the recent purchase of BS&F
Auto Parts, a leading aftermarket auto parts distributor in the
Bronx, NY. BS&F owner & CEO Joseph Ferrer became an
integral part of the Icahn Automotive leadership group by assuming
the role of Regional Vice President for Commercial Operations over
eight locations in the Bronx, Brooklyn, and Queens.
“We continue to aggressively expand our national automotive
service network, strengthen our full-service capabilities and
invest in our most important asset, our people. We are excited to
welcome new team members to the Icahn Automotive family and provide
them, like our 25,000+ existing team members, the opportunity to be
part of a dynamic and successful company,” said Daniel A.
Ninivaggi, CEO of Icahn Automotive Group.
Icahn Automotive operates nearly 2,000 owned and franchised
service locations in 49 states plus Puerto Rico, the District of
Columbia, and Canada.
About Icahn Automotive Group LLC
Icahn Automotive Group LLC was formed by its parent, Icahn
Enterprises L.P. (NASDAQ: IEP), to invest in and operate businesses
involved in aftermarket parts distribution and service. Our
businesses have a singular focus: provide premium automotive parts
and services at a great value. The businesses of IEP and Icahn
Automotive Group today consist of Pep Boys, an automotive
aftermarket retail and service chain, Auto Plus®, an automotive
aftermarket parts distributor, Just Brakes®, an automotive service
chain, Precision Tune Auto Care, a network of owned and franchised
automotive service centers, and American Driveline Systems, the
franchisor of AAMCO and Cottman Transmission & Total Auto Care
service centers.
Icahn Enterprises L.P. also owns Federal-Mogul Motorparts, a
leading global supplier of both original equipment and vehicle
aftermarket products. Federal-Mogul Motorparts sells and
distributes a broad portfolio of products through more than 20 of
the world's most recognized brands, including ANCO® wipers;
Beck/Arnley® premium OE quality parts and fluids;
Champion® lighting, spark plugs, wipers and filters, Fel-Pro®
gaskets; MOOG® chassis components; and Abex®, Ferodo®,
Jurid® and Wagner® brake products and lighting.
Caution Concerning Forward-Looking Statements
This release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, many of which are beyond our ability to control or
predict. Forward-looking statements may be identified by words such
as “expects”, “anticipates”, “intends”, “plans”, “believes”,
“seeks”, “estimates”, “will” or words of similar meaning.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. We undertake no
obligation to publicly update or review any forward-looking
information, whether as a result of new information, future
developments or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171222005289/en/
Icahn Automotive Group LLCMedia Contact:Shana Ferguson,
215-430-9805mediarelations@pepboys.comorMergers and Acquisitions
Contact:Brian Kaner, 215-430-9071bkaner@icahnautomotive.com
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