Southfield’s Icahn Automotive Group, which owns and operates Pep Boys, AAMCO, and Precision Tune Auto Care, will acquire Jacksonville, Fla.’s RPM Automotive. RPM operates 10 auto repair locations with more than 100 service bays throughout the northeastern part of Florida. The deal is expected to close by the end of the year.
“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. Terms of the deal were not disclosed.
“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.
“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,” Kaner continues.
In addition to acquisitions, Icahn Automotive has continued to invest in greenfield and existing Pep Boys, AAMCO, and Precision Tune locations, and in people, programs, technical training and technology to ensure a superior customer experience.
Icahn Automotive recently launched Pep Boys Mobile Crew, a state-of-the-art mobile repair unit that will provide on-location maintenance and repair services. The company also announced a broad relationship with Amazon.com to provide professional tire installation services to online customers.