Icahn Automotive Completes Acquisition of RPM Automotive
Icahn Automotive Group LLC, which owns and operates Pep Boys, AAMCO and Precision Tune Auto Care, has completed its acquisition of RPM Automotive.
For Icahn Automotive, the deal expands its presence in the Southeastern U.S. by 10 locations and more than 100 service bays. RPM Automotive is headquartered in Jacksonville, Florida and focuses on all makes and models, including luxury vehicles and large fleets.
“We are pleased to welcome RPM Automotive to the Icahn Automotive family of brands,” said 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.”
RPM Automotive will retain its name, long-time leadership and ASE-certified technicians, according to Icahn Automotive.
“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,” said 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’s 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.