M&A Deal Summary

Icahn Enterprises Acquires Pep Boys - Manny Moe & Jack

On December 30, 2015, Icahn Enterprises acquired retailer Pep Boys - Manny Moe & Jack for 1.0B USD

Acquisition Highlights
  • This is Icahn Enterprises’ 1st transaction in the Retail sector.
  • This is Icahn Enterprises’ largest (disclosed) transaction.
  • This is Icahn Enterprises’ 4th transaction in the United States.
  • This is Icahn Enterprises’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-12-30
Target Pep Boys - Manny Moe & Jack
Sector Retail
Buyer(s) Icahn Enterprises
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Rothschild Global Advisory (Financial)
Morgan Lewis (Legal)

Target

Pep Boys - Manny Moe & Jack

Philadelphia, Pennsylvania, United States
Pep Boys - Manny, Moe & Jack is an automotive aftermarket chain. With over 7,500 service bays in over 800 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair.

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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 4 of 7
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Pennsylvania) 1 of 3
Country (United States) 4 of 7
Year (2015) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Uni-Select USA

Kennesaw, Georgia, United States

Uni-Select USA, Inc. is a distributor of replacement parts, equipment, tools, accessories, paint and related products in the automotive aftermarket.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Federal-Mogul Holdings

Southfield, Michigan, United States

Federal-Mogul Holdings Corp. is an innovative and diversified global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Holdings Corp. was originally established in 1899 and is based in Southfield, Michigan.

Buy -
Mergr

Product

Company

Legal