Philadelphia, PA – September 13, 2017
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.
MEDIA CONTACT:
Alex Spooner | 215-430-9588 | mediarelations@pepboys.com
MERGERS AND ACQUISITIONS CONTACT:
James Healy | 215-430-9462 | jhealy@icahnautomotive.com
ABOUT PEP BOYS
Since 1921, Pep Boys has been one of the nation's leading automotive aftermarket chains, providing nam--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.
