Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Acquisition
February 11, 2020 04:17 PM

Icahn acquires Puerto Rican auto service chain Tecnicentros Mundial

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    PHILADELPHIA — Icahn Enterprises L.P. has acquired Tecnicentros Mundial Inc., a six-location automotive service chain in Puerto Rico, and plans to convert the stores to its Pep Boys brand.

    The deal, for which financial details were not disclosed, will increase the number of Pep Boys locations on the island to 33, of which 30 will provide automotive service, Icahn Enterprises said.

    Icahn also plans to acquire an existing warehouse facility there.

    The Tecnicentros Mundial locations — which are co-branded with Goodyear signage — are in Caguas, San Juan Centro, Rio Piedras, Campo Rico, Dorado, and Ponce. Employees at those locations have been invited to join the Pep Boys team, Icahn Enterprises said.

    "The acquisition of Tecnicentros Mundial provides us with a strong platform for additional growth in Puerto Rico and will enable us to meet the increased demand for automotive service from both individual and fleet customers," Icahn Automotive CEO-Service Brian Kaner said.

    "We welcome the Tecnicentros Mundial team to the Pep Boys family, and we are committed to continuing to help the island recover."

    Jacklin Tirado, vice president, Tecnicentros Mundial, said his company "is pleased to be joining Pep Boys, a company with a long and stable history in Puerto Rico.

    "Our late founder, Efraín Tirado, built Tecnicentros Mundial into a company with a strong reputation that has been a pillar of our local communities for more than 30 years, and we are pleased with Pep Boys commitment to our employees, customers and legacy."

    Pep Boys has had locations on Puerto Rico for more than 25 years and employs over 1,000 there, including hundreds of skilled automotive technicians.

    The acquisition is part of a multi-year strategic expansion plan, Icahn said, that has expanded the Pep Boys footprint as the overall market for automotive service continues to consolidate.

    Icahn Enterprises acquired Pep Boys in 2016.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Point S launches aggressive growth plan
    2
    ITDG promotes Barry to vice president of sales
    3
    Hankook upgrades truck/bus tire lineup
    4
    Goodyear to trim jobs amid 'uncertain' economic outlook
    5
    Natural rubber production impacted by ‘severe' leaf disease outbreak
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION