Icahn Automotive — an Icahn Enterprises LP company that owns and operates Pep Boys, among other brands — has acquired Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico.
The move increases the number of Pep Boys location on the island to 33, of which 30 provide automotive service. Icahn Automotive also has acquired an existing warehouse facility.
The shops in Caguas, San Juan Centro, Rio Piedras, Campo Rico, Dorado and Ponce will be converted to Pep Boys-branded service centers, and employees at those locations will join Pep Boys.
Pep Boys has had a presence in Puerto Rico for over 25 years and employs more than a thousand people, including hundreds of automotive technicians. The acquisition of Tecnicentros Mundial is part of a multi-year strategic plan designed to grow Icahn Automotive’s portfolio as well as expand Pep Boy’s footprint.
“The acquisition of Tecnicentros Mundial provides us with a strong platform for additional growth in Puerto Rico,” said CEO – Service Brian Kaner, “and will enable us to meet the increased demand for automotive service from both individual and fleet customers.”