Icahn Automotive Group, a division of Icahn Enterprises in New York City, today announced it has acquired four independently-owned service center locations in metro Detroit, including Belanger Tire and Auto Service in Westland, Novi Motive Goodyear in Novi, and Fix N Go Auto Centers in Troy and Oxford. The locations will convert to Pep Boys Service and Tire Centers.
The acquisitions follow a previously announced multimillion-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 Enterprises also owns Federal-Mogul Motorparts in Southfield, a leading global supplier of both original equipment and vehicle aftermarket products. Icahn Enterprises was founded by Carl Icahn, who is the controlling shareholder. Icahn also serves as chairman of Federal-Mogul.
“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 A. Ninivaggi, CEO of Icahn Automotive CEO. “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 as well as Puerto Rico, the District of Columbia, and Canada.
Icahn Automotive Group invests in and operates businesses involved in aftermarket parts distribution and service. The businesses of IEP and Icahn Automotive today consist of Pep Boys, an automotive aftermarket retail and service chain, Auto Plus, an automotive aftermarket parts distributor, Just Brakes, an automotive service chain, Precision Tune Auto Care, a network of owned and franchised automotive service centers, and American Driveline Systems, the franchisor of AAMCO and licensor of Cottman Transmission and Total Auto Care service centers.
Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands, including ANCO wipers; Champion lighting, spark plugs, wipers and filters; MOOG chassis components; Wagner brake products and lighting, among others.