Icahn Automotive Group LLC has entered into a definitive agreement to acquire RPM Automotive.
The agreement is subject to customary closing conditions but is projected to close by the end of the year. Icahn provides a full range of premium automotive services in multiple locations across the U.S. and Puerto Rico while RPM Automotive operates in 10 locations with over 100 service bays in the Northeastern part of Florida.
“The acquisition of RPM Automotive complements Icahn Automotive’s existing footprint in the region and will accelerate our growth in an important market for us," Icahn Automotive CEO Dan Ninivaggi said. "RPM Automotive has become a service leader in the Jacksonville area by providing a superior customer experience delivered by expertly-trained store managers and technicians. The remarkable growth of RPM Automotive over the past two decades is a testament to the quality of its team members and service model."
Icahn has made several acquisitions this year that have added to over 2,000 owned and franchised service locations throughout the U.S. and parts of Canada.
“Icahn Automotive continues to increase the breadth and density of our service center coverage. We’re well positioned to capitalize on the growing demand for automotive service by individuals and fleets as vehicles become more technologically complex and the vehicle population grows,” Brian Kaner, president of service for Icahn Automotive, said. “As a full-service provider under multiple, well-known brands, we can service a vehicle throughout its entire lifecycle, from tires and routine maintenance to complex repairs.”