WASHINGTON — Stock in Precision Auto Care Inc. jumped by up to 90 percent in Friday trading on news billionaire investor Carl Icahn is buying the Leesburg, Virginia-based company.
Icahn Enterprises will acquire Precision Auto Care’s more than 250 company-owned and franchised Precision Tune service locations across the country and bring them into its own portfolio of auto parts and repair companies. Icahn bought the Pep Boys auto parts and repair chain last year.
The deal also includes Precision Auto Wash and Precision Lube express centers.
“Coupled with our existing footprint of more than 1,000 corporate-owned locations, as well as our in-house automotive parts and tire distribution capabilities, we are uniquely positioned to provide high-quality parts, tires and services to our customers at the most competitive price,” said Daniel Ninivaggi, CEO of Icahn Automotive Group LLC.
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- Wherever your Point B is, Pep Boys has the qualified skills and experience to keep your car going. Trust the boys to get you there, with Pep Boys services, tires and auto parts.
- – February 19, 2019 - Icahn Automotive Group LLC, an Icahn Enterprises L.P. Company, which owns and operates leading auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, today announced a new program designed to invest in and support promising future automotive technicians, as they make their way from the classroom to the service bay.
Precision Auto Care has been in business for more than 40 years and has service locations in 26 states.
Precision CEO Robert Falconi will continue to head the Precision division, and the locations will continue to operate under the Precision brand name.
Precision thinly traded stock (OTC: PACI) was up 73 cents to $1.54 per share in Friday midday trading.
At Your Service. At Precision Tune Auto Care, we work hard to keep your car on the road.Because we go the extra mile, you get a lot more of them from your car. Count on Precision Tune for complete car care.from top to bottom.
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Precision Auto Tune Owned By Pep Boys In Ct
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Free scratch machine vst crack download. Precision Tune Auto Care - United States -Rated 1.8 based on 3 Reviews 'Took my car there when it lost power and cut out while driving down the road. Tune up packages Results based on 60 mph post fade performance testing conducted by Link Engineering Company comparing Wagner OEX Brake pads to competitors' brake pads on the 2014 Ford F-150, 2011 Toyota RAV4 and the 2103 Chevrolet Tahoe. Philadelphia, PA – June 2, 2017 – Icahn Automotive Group LLC, a wholly-owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced that it has entered into a definitive agreement to acquire automotive service company Precision Auto Care, Inc., parent company of Precision Tune Auto Care. Mar 04, 2020 Pep Boys, which is owned by Icahn Automotive, an Icahn Enterprises L.P. Company, also owns and operates additional repair and maintenance providers such as AAMCO and Precision Tune Auto Care.
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