Retail

Icahn Automotive Buys 10 Stores in Florida

Posted on December 18, 2018

Icahn Automotive Group LLC has entered into a definitive agreement to acquire the 10-location business of RPM Automotive.

RPM Automotive Holdings LLC is based in Jacksonville, Fla. The company operates 10 stores with 100 service bays in the Northeastern part of Florida. Icahn Automotive says the acquisition is expected to close by the end of 2018.

“The acquisition of RPM Automotive complements Icahn Automotive’s existing footprint in the region and will accelerate our growth in an important market for us," says Dan Ninivaggi, CEO of Icahn Automotive. "RPM Automotive has become a service leader in the Jacksonville area by providing a superior customer experience delivered by expertly-trained store managers and technicians. The remarkable growth of RPM Automotive over the past two decades is a testament to the quality of its team members and service model.”

Throughout 2018, Icahn Automotive has acquired independent and franchised locations in the Northeast, Midwest and South. These additions to the Icahn Automotive portfolio have been integrated under the Pep Boys, AAMCO and Precision Tune brands. Icahn Automotive currently includes more than 2,000 owned and franchised service locations throughout the United States and parts of Canada, plus 25 distribution centers throughout the U.S., Canada and Puerto Rico.

“Icahn Automotive continues to increase the breadth and density of our service center coverage," says Brian Kaner, president of service for Icahn Automotive. "We’re well positioned to capitalize on the growing demand for automotive service by individuals and fleets as vehicles become more technologically complex and the vehicle population grows. As a full-service provider under multiple, well-known brands, we can service a vehicle throughout its entire lifecycle, from tires and routine maintenance to complex repairs.”

For more information, visit www.IcahnAutomotive.com.

Related Topics: acquisitions, Brian Kaner, Dan Ninivaggi, Florida, Icahn Automotive Group

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