Icahn Acquires Auto Service Chain in Puerto Rico
Icahn Automotive Group LLC has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico.
The Tecnicentros Mundial locations in Caguas, San Juan Centro, Rio Piedras, Campo Rico, Dorado, and Ponce will be converted to Pep Boys branded service centers. (Pep Boys is an Icahn Automotive property.)
“The acquisition of Tecnicentros Mundial provides us with a strong platform for additional growth in Puerto Rico and will enable us to meet the increased demand for automotive service from both individual and fleet customers,” says Brian Kaner, CEO-Service.
The acquisition will increase the number of Pep Boys stores on the island to 33. The company also will acquire an existing warehouse facility.
Pep Boys has had locations on Puerto Rico for more than 25 years. There are more than 1,000 Pep Boys locations, overall.