Greenwood Village, CO – October 21, 2021 – FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, announced today that it completed the acquisition of three quick lube and automotive service centers last week, bringing its total number of acquisitions since the start of the 3rd quarter to fourteen.
The fourteen centers were acquired in nine separate transactions across eight states, and all will be rebranded as one of FullSpeed Automotive’s iconic brands, Grease Monkey® or SpeeDee Oil Change & Auto Service®. Following its acquisition by MidOcean Partners in November 2020, FullSpeed Automotive has completed twenty-one acquisition transactions that have added sixty new centers, and now has 690 franchised and company-owned locations.
Last week’s acquisitions included Super Lube Service in Boliver, MO and two franchised Grease Monkey centers in Savage, MN and Eden Prairie, MN. In addition to Missouri and Minnesota, previous transactions in the third quarter also included acquisitions in Arizona, Colorado, Connecticut, Louisiana, New Hampshire, and Texas.
“We are excited about the continued expansion of the FullSpeed portfolio across the entire country,” said Kevin Kormondy, Chief Executive Officer of FullSpeed Automotive. “Our acquisitions are not limited by geography or number of units. When we find the right acquisition partner we will move quickly, and we encourage independent auto center owners considering a sale of their business to contact us. “
Kathy Wagoner, former owner of Super Lube Service, agreed that FullSpeed Automotive is the right company to approach for a sale.
“The FullSpeed Automotive team has great experience in acquisitions, so they were incredibly knowledgeable and made the process very easy,” Wagoner said. “Everything moved quickly, and they were upfront and honest throughout.”
