Icahn Automotive Scoops Up 4 More Tire Stores
Icahn Automotive Group LLC has purchased four independently-owned service center locations in the Detroit area. All will be converted into Pep Boys Service and Tire Centers.
The acquisitions include Belanger Tire & Auto Service in Westland, Mich., Novi Motive Goodyear in Novi, Mich., and Fix N Go Auto Centers in Troy and Oxford, Mich.
These acquisitions follow a previously announced multi-million dollar Metro Detroit expansion plan that includes Pep Boys store openings and existing store remodels, inventory expansion, and the recent acquisitions of Precision Tune Auto Care and Phil Cavill’s Goodyear Tire and Auto Service Center in Clawson.
“Icahn Automotive’s acquisitions in the heart of the world’s automotive industry are an important step in expanding our North America service center footprint," says Daniel Ninivaggi, CEO of Icahn Automotive. "We share the Motor City's passion and pride for the industry’s history and future. We welcome the newest members to our team and will work together to service their loyal customers while leveraging our expansive operations and efficient distribution model.”
Icahn Automotive manages more than 2,000 owned and franchised retail and service locations which operate in 49 states plus Puerto Rico, the District of Columbia and Canada.