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

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