Icahn Scoops Up 15 Tire Stores in Arizona

Posted on September 1, 2017

Carl Icahn's automotive business has made another big move, this time acquiring a 27-year-old independent tire dealer with 15 stores and a tire wholesaling business in Arizona.

Pep Boys — Manny, Moe & Jack, a wholly-owned subsidiary of Icahn Automotive Group LLC, says it has entered into a definitive agreement to acquire Advanced Auto Service & Tire Centers in Phoenix.

“We are pleased to increase our store density in the metropolitan Phoenix area with the acquisition of Advanced Auto Service & Tire Centers, the third largest independent automotive service chain in the market,” says Bill Ihnken, president of service for Icahn Automotive. “This expansion of our service center network in Arizona will allow us to serve more customers in more neighborhoods, from Flagstaff in the north to Nogales in the south, with the highest quality total car care, including free services such as tire rotations, A/C checks, brake inspections and a year of roadside assistance with every tire purchased.”

Advanced employs more than 120 people and has operated in Arizona since 1989. The majority of its locations are situated in the Phoenix area in the densely-populated East Valley, with three in the West Valley and three further north in Prescott, Prescott Valley and Flagstaff. Its shops are full service and have an average of seven bays. All 15 locations will be rebranded as Pep Boys Service & Tire Centers.

“With this acquisition, we continue to grow our national service center network, focused on providing superior customer service as well as a broad selection of tires and parts, always at a great value,” says Dan Ninivaggi, CEO of Icahn Automotive. “We welcome the outstanding Advanced team to Icahn Automotive and look forward to building on the great customer relationships they have developed over the last 28 years.”

This is the latest in a string of moves Pep Boys has made to expand its network of retail stores. Here's a recap of the most recent acquisitions:

Icahn and Pep Boys Look to Make a Big Statement in Detroit

Carl Icahn Makes an Acquisition in Connecticut

Pep Boys Expands in New York and New Jersey

Pep Boys Acquires 12 Tire Stores in Memphis

Pep Boys Adds 134 Stores With Latest Acquisition

For more information about Pep Boys, go to

Related Topics: acquisitions, Advanced Auto Service & Tire Centers, Arizona, Bill Ihnken, Dan Ninivaggi, Icahn Automotive Group, Pep Boys

Comments ( 0 )
More Stories
News Unimax and Point S Named One of Canada's Best Managed Companies

Unimax Tire Ltd., the company that markets the Point S name in Canada, has been named one of Canada's best managed companies.  

(l to r): Verneta Reich, Aaron Wisniewski, Blane Wilson of SMP, and grand prize winner John Reich.
News Top Prize Winner Named in Aftermarket Jackpot Jumpstart Sweepstakes

Auto Value and Bumper to Bumper stores and service centers stores drew three more $10,000 grand prize winners and another 50 $100 gift card winners from the second and final drawing of the Aftermarket Jackpot Jumpstart Sweepstakes.

News General Tire Purchases Are Eligible for a Spring Rebate

Continental Tire the Americas LLC is offering a spring consumer rebate of up to $70 for the purchase of four General-brand tires through April 15, 2018.  

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!