Pep Boys Acquires Newpark Auto Service as Part of National Service Center Network Growth
14 September 2017 - 3:31AM
Business Wire
Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group
LLC, announced it has acquired Newpark Auto Service in Newark,
California.
“Newpark is an excellent addition to our existing store base in
the San Francisco region, a target market for ongoing growth as we
expand our national service center network,” said James Healy,
Senior Vice President of Corporate Development and Strategy for
Icahn Automotive. “With its ideal location within a busy shopping
center, and in an area that is expanding, we see great potential to
grow the shop’s business.”
Six-year-old Newpark has seven bays and will be transitioned
into a Pep Boys Service & Tire Center, providing high-quality
total car care service to customers in Newark and the surrounding
communities.
About Pep Boys
Since 1921, Pep Boys has been one of the nation's leading
automotive aftermarket chains, providing name-brand tires;
automotive maintenance and repair; parts and expert advice for the
Do-It-Yourselfer; commercial auto parts delivery; and fleet
maintenance and repair to customers across the U.S. Pep Boys
operates more than 9,000 service bays in approximately 1,000
locations in 35 states and Puerto Rico. Customers can find the
nearest location by calling 1-800-PEP BOYS (1-800-737-2697) or by
visiting www.pepboys.com. Pep Boys is owned by Icahn Automotive
Group LLC.
About Icahn Automotive Group LLC
Icahn Automotive Group LLC was formed by its parent, Icahn
Enterprises L.P. (NASDAQ: IEP), to invest in and operate businesses
involved in aftermarket parts distribution and service. Our
businesses have a singular focus: provide premium automotive parts
and services at a great value. The businesses of Icahn Automotive
Group today consist of Pep Boys, an automotive aftermarket retail
and service chain, Auto Plus®, an automotive aftermarket parts
distributor, Just Brakes®, an automotive service chain, and
Precision Tune Auto Care, a network of owned and franchised
automotive service centers.
Caution Concerning Forward-Looking Statements
This release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, many of which are beyond our ability to control or
predict. Forward-looking statements may be identified by words such
as “expects”, “anticipates”, “intends”, “plans”, “believes”,
“seeks”, “estimates”, “will” or words of similar meaning.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. We undertake no
obligation to publicly update or review any forward-looking
information, whether as a result of new information, future
developments or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913006266/en/
Pep BoysMedia Contact:Alex Spooner,
215-430-9588mediarelations@pepboys.comorMergers and Acquisitions
Contact:James Healy, 215-430-9462jhealy@icahnautomotive.com
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