M&A Deal Summary

Icahn Enterprises Acquires Cottman Transmission Systems

On October 2, 2017, Icahn Enterprises acquired franchising company Cottman Transmission Systems from Citizens Rx

Acquisition Highlights
  • This is Icahn Enterprises’ 1st transaction in the Franchising sector.
  • This is Icahn Enterprises’ 6th transaction in the United States.
  • This is Icahn Enterprises’ 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2017-10-02
Target Cottman Transmission Systems
Sector Franchising
Buyer(s) Icahn Enterprises
Sellers(s) Citizens Rx
Deal Type Divestiture

Target

Cottman Transmission Systems

Horsham, Pennsylvania, United States
Cottman Transmission Systems, Inc. is a franchiser of automotive transmission centers that repair, re manufacture and service transmissions and related components.

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Buyer(S) 1

Buyer

Icahn Enterprises

Sunny Isles Beach, New York, United States
Category Company
Founded 1987
Sector Diversified
Employees15,038
Revenue 11.8B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 7
Sector (Franchising) 1 of 1
Type (Divestiture) 3 of 3
State (Pennsylvania) 2 of 3
Country (United States) 6 of 7
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Beck/Arnley Worldparts

Smyrna, Tennessee, United States

Beck/Arnley Worldparts, Inc. is a automotive parts distribution services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 American Driveline Systems

Horsham, Pennsylvania, United States

American Driveline Systems, Inc. is the franchisor of AAMCO and Cottman Transmission & Total Auto Care brands. AAMCO and Cottman are the #1 and #2 transmission repair retail chains in North America, respectively, with nearly 700 franchised units in 47 states and three provinces with more than 60 percent brand awareness. The Company is also a remanufacturer of transmissions and related parts through its Global Powertrain Systems (“GPS”) division, which provides franchisees a reliable and price competitive solution for their transmission needs.

Buy -

Seller(S) 1

SELLER

Citizens Rx

Oak Park, Illinois, United States
Category Company
Founded 2009
Sector Business Services
DESCRIPTION

Citizens Rx is a provider of pharmacy benefit management services, including formulary management, claims processing, and rebate administration. Citizens Rx was founded in 2009 and is based in Oak Park, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Cottman Transmission Systems

Horsham, Pennsylvania, United States

Cottman Transmission Systems, Inc. is a franchiser of automotive transmission centers that repair, re manufacture and service transmissions and related components.

Buy -
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