Icahn Automotive Group LLC is making another acquisition move, this time in Connecticut.
Pep Boys — Manny, Moe & Jack, a wholly-owned subsidiary of Icahn Automotive Group LLC, has acquired an automotive and tire center in New York, and opened a new Pep Boys Service & Tire Center in Bordentown, N.J.
I have written in the past about how progressive and tire-dealer-like Costco Wholesale Corp. is. It just doesn't sell tires like a wholesale club, and it even sells online.
Pep Boys — Manny, Moe & Jack has acquired 12 retail tire locations in the Memphis area with the purchase of Mathis Tire & Auto Service Inc. and Direct Tire Distributors Inc.
Pep Boys — Manny, Moe & Jack is adding 134 locations with the purchase of Just Brakes Total Car Care. The acquisition gives Pep Boys more than 900 locations in the U.S.
Carl Icahn, the billionaire investor owner who started 2016 by purchasing Pep Boys — Manny, Moe & Jack — has officially joined President-elect Donald Trump's team. Trump has named Icahn a special adviser on issues related to regulatory reform.
Circle City Auto Parts in Indianapolis, Ind., has been purchased by IEH Auto Parts LLC's Auto Plus and Pep Boys.
IEH Auto Parts LLC and Pep Boys — Manny, Moe & Jack continue to grow the footprint of Auto Plus and Pep Boys stores with a two-store acquisition in New Jersey, plus the opening of a new corporate-owned Auto Plus store in Virginia.
Meineke Car Care Centers LLC is rolling out a new program — in partnership with Pep Express Parts, the commercial division of Pep Boys — Manny, Moe & Jack — to help Meineke franchisees boost their tire business.
Pep Boys — Manny, Moe & Jack and IEH Auto Parts LLC have a new CEO and president. Brent Windom will lead the integration of Pep Boys and Auto Plus. Executives from both companies make up Windom's leadership team.
After offering $18.50 per share, Icahn Enterprises LP has purchased more than 38 million shares of Pep Boys — Manny, Moe & Jack, and the merging of the two companies will follow "as soon as practicable."
The acquisition of Pep Boys — Manny, Moe & Jack by Icahn Enterprises LP is expected to be complete by late January or early February. In the meantime, a memo to Pep Boys employees leaves open the question of whether the names of the boys from Philadelphia will last.
Happy new year to the shareholders of Pep Boys — Manny, Moe & Jack. The acquisition of the Pep Boys company by billionaire investor Carl Icahn has given every shareholder 23% more cash.