Jun 02, 2017 Icahn Automotive Group to acquire Precision Auto Care. Than 250 corporate-owned and franchised Precision Tune Auto Care locations in the U.S. Precision Auto Care has been in business for 40.
Mar 04, 2020 Pep Boys, which is owned by Icahn Automotive, an Icahn Enterprises L.P. Company, also owns and operates additional repair and maintenance providers such as AAMCO and Precision Tune Auto Care.
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WASHINGTON — Stock in Precision Auto Care Inc. jumped by up to 90 percent in Friday trading on news billionaire investor Carl Icahn is buying the Leesburg, Virginia-based company.
Precision Auto Tune Owned By Pep Boys In Ct
Icahn Enterprises will acquire Precision Auto Care’s more than 250 company-owned and franchised Precision Tune service locations across the country and bring them into its own portfolio of auto parts and repair companies. Icahn bought the Pep Boys auto parts and repair chain last year.
Pep Boys Auto Parts Stores
Icahn Automotive today consists of Pep Boys ® automotive aftermarket retail and service chain, Auto Plus ® automotive aftermarket parts distributor, Precision Tune Auto Care ® owned and franchised automotive service centers, and AAMCO Total Auto Care franchised service centers. The businesses of Icahn Automotive total over 22,000 employees. Lawrence Kotwas joined Precision Tune Auto Care, Inc. In November 2017 as Chief Financial Officer. Kotwas has over 25 years of financial management experience including 12 years of experience as Chief Financial Officer for a large Burger King franchisee. 864 Precision Tune Auto Care jobs available on Indeed.com. Apply to Automotive Mechanic, Account Manager. Pep Boys / Auto Plus. Chalfont, PA 18914 +5 locations.
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The deal also includes Precision Auto Wash and Precision Lube express centers.
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“Coupled with our existing footprint of more than 1,000 corporate-owned locations, as well as our in-house automotive parts and tire distribution capabilities, we are uniquely positioned to provide high-quality parts, tires and services to our customers at the most competitive price,” said Daniel Ninivaggi, CEO of Icahn Automotive Group LLC.
Precision Auto Care has been in business for more than 40 years and has service locations in 26 states.
Precision Auto Tune Owned By Pep Boys Locations
Precision CEO Robert Falconi will continue to head the Precision division, and the locations will continue to operate under the Precision brand name.
Precision thinly traded stock (OTC: PACI) was up 73 cents to $1.54 per share in Friday midday trading.
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