JACKSONVILLE, Fla. — Icahn Automotive Group L.L.C. has completed its purchase of RPM Automotive Inc., a Jacksonville-based auto repair chain with 10 outlets operating more than 100 service bays throughout northeastern Florida.
The acquisition — announced originally in mid-December — expands Icahn's reach in the Jacksonville area, where it already operates eight Pep Boys-branded retail stores. In all, there are more than 125 Pep Boys outlets in Florida.
Icahn, which operates auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, said RPM has a reputation for exceptional customer service and quality work on all vehicles, including luxury models and fleets.
Icahn Automotive CEO CEO Dan Ninivaggi said RPM's "outstanding leadership and expert technicians will continue to provide the leading service and customer experience they've come to be known for, while joining our 2,000 locations and 22,000 technicians in a nearly 100-year tradition of keeping customers' vehicles on the road."
Southfield, Mich.-based Icahn Automotive said RPM Automotive will retain its name, its leadership team and ASE-certified technicians.
Colley Stowell, president and founder of RPM Automotive, said his company has focused on building and growing its customer base over the last decade by hiring top technicians and giving back to local communities.
"Joining Icahn Automotive is a significant next step for RPM Automotive," Mr. Stowell said.
"We'll continue to operate seamlessly our shops while beginning to leverage the resources and opportunities that come with joining a large-scale service organization."
RPN Automotive traces its roots to the 1980s when Mr. Stowell opened his first independent Exxon-branded service station in Jacksonville.
Throughout the 1980s and '90s, Gary Ledford, Gus Shage, John Morin and Bobby Thomas came aboard and the partners started looking at stand-alone auto repair shops operating under a "Car Care with Integrity" banner.
The first RPM Automotive location opened in 2000. Seven of the outlets are in Jacksonville proper; the others are in Fleming Island, Jacksonville Beach and St. Johns.
Icahn said its multi-year strategy to increase the breadth and density of its national service network has resulted in the acquisition of independent and franchised locations across the country.
The company credits its growth on investment in greenfield and existing locations, as well as its focus on people, programs, technical training and technology.