Icahn Enterprises - M&A Summary and Business Overview

DiversifiedCompany

Icahn Enterprises M&A Summary

Icahn Enterprises has acquired 7 companies. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Icahn Enterprises’ largest acquisition to date was in 2015, when it acquired Pep Boys - Manny Moe & Jack for $1.0B. It’s largest disclosed sale occurred in 2018, when it sold Federal-Mogul Holdings to Tenneco for $800M. Icahn Enterprises has acquired in 5 different US states. The Company’s most targeted sectors include distribution (29%) and environmental (15%).

Icahn Enterprises Business Overview

Where is Icahn Enterprises headquartered?

Icahn Enterprises is headquartered in Sunny Isles Beach, New York.

What is Icahn Enterprises’ revenue?

Icahn Enterprises disclosed revenue of 14,126M USD for 2022 and 10,941M USD for 2021.

How many employees does Icahn Enterprises have?

Icahn Enterprises has 20,041 employees.

What sector is Icahn Enterprises in?

Icahn Enterprises is a diversified company.

When was Icahn Enterprises founded?

Icahn Enterprises was founded in 1987.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

Icahn Enterprises

Icahn Enterprises LP

16690 Collins Avenue PH-1,
Sunny Isles Beach, New York 33160
United States,
(305) 422-4100
www.ielp.com

Icahn Enterprises is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. Icahn Enterprises was founded in 1987 and is based in Sunny Isles Beach, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $1.0B $1.0B
Sell (0.2/yr) # 2 - 1 - - - 3
vol $800M $290M $1.1B
  10

Most Recent M&A

Company Date Value Type
PSC Metals, INC. 2021-10-29 290M USD Divestiture
Mayfield Heights, Ohio · www.pscmetals.com
Federal-Mogul Holdings Corp. 2018-10-01 800M USD Divestiture
Southfield, Michigan · www.federalmogul.com
American Driveline Systems, Inc. 2017-10-05 - Add-on Acquisition
Horsham, Pennsylvania
Cottman Transmission Systems, Inc. 2017-10-02 - Divestiture
Horsham, Pennsylvania · www.cottman.com
Beck/Arnley Worldparts, Inc. 2016-12-05 - Divestiture
Smyrna, Tennessee · www.beckarnley.com
Federal-Mogul Holdings Corp. 2016-09-06 - Add-on Acquisition
Southfield, Michigan · www.federalmogul.com
Pep Boys - Manny, Moe & Jack 2015-12-30 1.0B USD Add-on Acquisition
Philadelphia, Pennsylvania · www.pepboys.com
Uni-Select USA, Inc. 2015-06-01 - Divestiture
Kennesaw, Georgia · www.uniselectusa.com
Beck/Arnley Worldparts, Inc. 2015-06-01 - Divestiture
Smyrna, Tennessee · www.beckarnley.com
PSC Metals, INC. 2007-11-06 - Add-on Acquisition
Mayfield Heights, Ohio · www.pscmetals.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Icahn Automotive Group LLC    - Auto Plus Auto Parts 2020-08-18 1
New York, New York Seattle, Washington
Pep Boys - Manny, Moe & Jack 2015-12-30 Just Brakes 2017-01-23 5
Philadelphia, Pennsylvania · www.pepboys.com Dallas, Texas · www.justbrakes.com

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 2 (29%) - 1 (33%) -
Automotive 1 (14%) - 1 (33%) 800M (73%)
Environmental 1 (14%) - 1 (33%) 290M (27%)
Consumer Services 1 (14%) - - -
Franchising 1 (14%) - - -
Retail 1 (14%) 1.0B (100%) - -
Total 7 $1.0B 3 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 7 1.0B 3 1.1B
  Pennsylvania 3 1.0B - -
  Tennessee 1 - 1 -
  Ohio 1 - 1 290M
  Michigan 1 - 1 800M
  Georgia 1 - - -
Total 7 $1.0B 3 $1.1B

Top M&A Advisors

Legal Deals
Drinker Biddle & Reath LLP
 1
White & Case
 1
Proskauer Rose LLP
 1

Deal Values

buy # Total
> $1B 1 $1.0B
TOTAL $1.0B
Largest Pep Boys - Manny, Moe & Jack
$1.0B (2015-12-30)
sell # Total
$100M to $1B 2 $1.1B
TOTAL $1.1B
Largest Federal-Mogul Holdings Corp.
$800M (2018-10-01)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
43%
3 (43%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Diversified

Revenue

14,126   30% 2022
10,941   48% 2021
7,423   29% 2020
10,386   8% 2019
11,223   42% 2018
19,130   10% 2017
17,469   10% 2016
15,990   18% 2015
19,322   3% 2014
18,773   21% 2013
15,525   2012
(millions of USD) Show More Show Less

Employees

20,041

Established

1987

Public

NASDAQ: IEP

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