Retail

Carl Icahn Makes an Acquisition in Connecticut

Posted on July 17, 2017

Icahn Automotive Group LLC is making another acquisition move, this time in Connecticut.

The company says it has acquired AutoMaster Service Center in Southington, Conn. The family-run business has been in operation since 1998. The eight-bay shop is located in a Hartford, Conn. suburb, and wil be converted into a Pep Boys Service & Tire Center.

“AutoMaster Service Center has been servicing the Southington community for nearly 20 years and is a key addition for Pep Boys as we increase our service center footprint in New England,” says James Healy, senior vice president of corporate development and strategy for Icahn Automotive Group.

This one-store acquisition comes on the heels of a mega move by Icahn in June when it bought Precision Auto Care Inc., the parent company of Precision Tune Auto Care's more than 250 locations in 26 states. That deal gave Icahn more than 1,000 stores.

For more information about Pep Boys, visit www.pepboys.com.

Related Topics: acquisitions, AutoMaster Service Center, Carl Icahn, Pep Boys

Comments ( 0 )
More Stories
European tire shows are reaching a crisis point! Here we have Germany’s Reiffen Essen trade show, the Autopromotec in Italy and the Tire Technology Expo in Germany.
Article Saturation Point Danger for Tire Shows in Europe

With the Specialty Equipment Market Association (SEMA) Show due to take place this month in Las Vegas, which has to be one of (if not the) largest of its kind in the world, I thought it was the perfect time to take a step back and get an overall picture of what is currently happening in the tire show arena in Europe.

A special pre-event European Press Conference for Tire Cologne was staged by Koelmesse GmbH late last year.
News Tire Cologne Will Address Many Important Industry Segments

The Tire Cologne has posted a schedule of events for its first trade fair, to be held in May 29 through June 1, 2018, in Cologne, Germany. Although billed as "a trade fair for tires and wheels," it is really more than that, according to show organizers.

Nokian introduced the latest version of its all-weather tire, the WR G4, to dealers at a ride-n-drive near Denver, Colo.
News Nokian Introduces Next-Generation All-Weather and Winter Tires

Nokian Tyres plc has unveiled three next-generation products: the WR G4 all-weather tire and the studless Hakkapeliitta R3 and R3 SUV winter tires.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!