PHILADELPHIA – Icahn Automotive Group announced that it has completed the acquisition of Precision Auto Care, 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.
“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.”
Icahn Automotive Group LLC invests in and operates businesses involved in aftermarket parts distribution and service. The company’s portfolio includes Pep Boys, Auto Plus and Precision Tune Auto Care.