Icahn Automotive Acquires RPM Automotive
Icahn Automotive Group LLC, which owns and operates Pep Boys, AAMCO Total Auto Care and Precision Tune Auto Care, has completed its acquisition of RPM Automotive headquartered in Jacksonville, Fla.
For Icahn Automotive, the deal expands its presence in the Southeastern U.S. by 10 locations and more than 100 service bays.
RPM Automotive works on all makes and models, including luxury vehicles and large fleets. It will retain its name, long-time leadership and ASE-certified technicians. RPM Automotive locations have state-of-the-art technology, comfortable waiting areas, and the ability to offer customer conveniences such as rental cars.
“We are pleased to welcome RPM Automotive to the Icahn Automotive family of brands,” says CEO Dan Ninivaggi. “Their outstanding leadership and expert technicians will continue to provide the leading service and customer experience they’ve come to be known for, while joining our 2,000 locations and 22,000 technicians in a nearly 100-year tradition of keeping customers’ vehicles on the road.”
“For the last decade, RPM Automotive has focused on building and growing a business our customers trust by hiring and training the very best technicians in the area and giving back to our local community,” says Colley Stowell, president and founder of RPM Automotive. “Joining Icahn Automotive is a significant next step for RPM Automotive. We’ll continue to operate seamlessly our shops while beginning to leverage the resources and opportunities that come with joining a large-scale service organization.”
Icahn Automotive notes its “multi-year strategy to increase both the breadth and density of its national service network has resulted in the acquisition of independent and franchised locations across the country. By providing both quick-service maintenance as well as full-service repair capabilities, Icahn Automotive is well-positioned to capitalize on the growing demand from individuals and fleets for automotive service throughout the vehicle’s lifecycle.
“Icahn Automotive has also continued to grow through investing in greenfield and existing locations; by putting a focus on people, programs, technical training and technology to ensure a superior customer experience; and by expanding into new and different service models, including mobile repair and professional tire installation services to online customers.”