Icahn Automotive Completes Acquisition Of Precision Auto Care Inc.

Icahn Automotive Completes Acquisition Of Precision Auto Care Inc.

"We are extremely pleased to welcome to the Icahn Automotive family more than 320 corporate-owned and franchised Precision Tune service locations in the U.S. and internationally,” said Daniel Ninivaggi, CEO of Icahn Automotive Group LLC.

Icahn Automotive Group LLC, a wholly-owned subsidiary of Icahn Enterprises L.P., has completed the acquisition of automotive service company Precision Auto Care Inc., parent company of Precision Tune Auto Care.

“We are extremely pleased to welcome to the Icahn Automotive family more than 320 corporate-owned and franchised Precision Tune service locations in the U.S. and internationally, along with Precision Auto Care CEO Robert Falconi and his leadership team,” said Daniel Ninivaggi, CEO of Icahn Automotive Group LLC.

“This acquisition is a significant step in our strategy to expand our national automotive service network, and enhances our existing store footprint in support of our goal to provide customers with premium parts and services at a great value,” said Ninivaggi.

You May Also Like

Auto Parts 4 Less Announces Investment from RB Capital

Auto Parts 4 Less announced it has completed the first tranche of funding from RB Capital Partners.

Auto Parts 4 Less Group Inc. Announces Growth Strategy

Auto Parts 4 Less announced today it has completed the first tranche of funding from RB Capital Partners, following the successful restructuring of its balance sheet, ahead of its returning to the auto parts industry.

RB Capital, under the leadership of Brett Rosen, has agreed to invest in Auto Parts 4 Less Group Inc. This collaboration is expected to provide the necessary resources for the company to achieve its strategic objectives and continue its growth trajectory, the company said.

Advance Auto Parts Reports Q4, Full Year 2023 Results

President and CEO Shane O’Kelly said Advance continues to act with a sense of urgency to “return to profitable growth.”

financial results
AutoZone Reports Q2 Results with Increases in Same Store Sales

During the quarter, AutoZone opened 19 new stores in the U.S., while adding six new stores in Mexico and four in Brazil.

Dana Inc. Reports 2023 Record Sales and Q4 Earnings

For the full-year 2023, Dana reported sales of $10.6 billion, up from $10.2 billion in 2022.

Financial-results
LKQ Corp. Announces Q4, Full Year 2023 Results

President and CEO Dominick Zarcone expressed satisfaction with the company’s results amid macroeconomic challenges.

Other Posts

Sun Auto Tire & Service Expands Texas Store Count

The company has acquired Carrollton Complete Automotive, which offers a range of automotive services.

Sun Auto and Tire
Tint World Announces New Location in Birmingham

This brings the company’s store count in Alabama to 3 locations.

Snap-on Announces Latest Software Release

The latest software includes new coverage, guided component tests and features, plus everything from previous releases for smarter fixes, Snap-on said.

Snap-on Announces Latest Software Release
Discount Tire Acquires 6 Suburban Tire Auto Repair Centers

The six locations in the Chicago area will continue to operate under the Suburban Tire Auto Repair Centers’ brand name.

Suburban Tire Auto Repair Centers