Philadelphia, PA – June 2, 2017
Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group LLC, announced it has acquired PJ's Auto & Tire Center in Franklin Square, New York and opened a new Service & Tire Center in Bordentown, New Jersey.
“We are pleased to grow our presence in both the New York Metropolitan market and the greater Philadelphia area,” said James Healy, Senior Vice President of Corporate Development and Strategy for Icahn Automotive Group. “With these two new locations, Icahn Automotive is adding to our network of approximately 1,500 service centers nationwide.”
PJ's, a family-run business since 1980, is a six-bay shop located in a high-traffic neighborhood in Franklin Square on Long Island. Like the new six-bay shop in Bordentown, it will operate as a Pep Boys Service & Tire Center, offering total car care to its customers.
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
In 1921, Pep Boys was founded in Philadelphia by Emanuel “Manny” Rosenfeld, two Moes – Maurice “Moe” Strauss and Moe Radavitz – and W. Graham “Jack” Jackson. For more than 95 years, 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. With Just Brakes, a wholly-owned subsidiary of The Pep Boys – Manny, Moe & Jack, Pep Boys operates more than 8,300 service bays in over 930 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, and Auto Plus®, an automotive aftermarket parts distributor.
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.
