MidOcean Partners Acquires FullSpeed Automotive
November 1, 2020
MidOcean Partners has acquired FullSpeed Automotive from CenterOak Partners. The transaction gives MidOcean a national auto-aftermarket platform with nearly 600 locations and over 1,350 employees; MidOcean plans to drive growth through organic initiatives, franchise development and strategic M&A.
- Buyers
- MidOcean Partners
- Targets
- FullSpeed Automotive
- Sellers
- CenterOak Partners LLC
- Industry
- Automotive
- Location
- Colorado, United States
- Transaction Type
- Buyout
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FullSpeed Automotive Acquires 25 Quick-Lube and Service Centers in Dallas–Fort Worth
July 7, 2021
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FullSpeed Automotive, a MidOcean Partners–backed franchisor/operator, acquired 25 quick-lube and automotive service centers in the Dallas–Ft. Worth market (majority operating under the Kwik Kar brand) from owner Ryan Ghoutiemeh. The deal expands FullSpeed's geographic footprint as an add-on to its platform, which now operates over 675 franchised and company-owned locations.
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FullSpeed Automotive (CenterOak Portfolio) Acquires American LubeFast
January 29, 2020
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FullSpeed Automotive, a portfolio company of CenterOak Partners, has acquired American LubeFast (ALF), a quick-lube provider with 50 locations across Georgia, Florida, Mississippi and Alabama. The add-on expands FullSpeed’s footprint to over 560 locations and deepens its presence in the Southeast as ALF locations are converted to the Grease Monkey brand.
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FullSpeed Automotive Acquires Super Lube Service and Two Grease Monkey Franchise Centers
October 21, 2021
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FullSpeed Automotive completed the acquisition of three quick-lube and automotive service centers — Super Lube Service in Bolivar, Missouri and two franchised Grease Monkey centers in Savage and Eden Prairie, Minnesota — as part of a broader string of transactions. These deals bring FullSpeed's total acquisitions since the start of the third quarter to fourteen and will see the new locations rebranded under its Grease Monkey or SpeeDee Oil Change & Auto Service banners; FullSpeed is a platform company owned by MidOcean Partners.
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FullSpeed Automotive (CenterOak) Acquires Uncle Ed's Oil Shoppe
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CenterOak Partners-backed FullSpeed Automotive has acquired Uncle Ed's Oil Shoppe, a Michigan-based operator of 29 quick-lube centers and 5 AutoBath America car wash locations. The add-on expands FullSpeed's Midwest footprint and marks the company's 15th acquisition since CenterOak's majority investment in 2017, bringing FullSpeed's network to nearly 600 locations.
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FullSpeed Automotive Acquires Kwik Kar IP and 25 Kwik Kar Centers
July 5, 2022
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FullSpeed Automotive acquired the intellectual property of Kwik Industries, Inc. (owner of the Kwik Kar brand) and purchased 25 Kwik Kar-related centers from local independent operators, expanding its company-operated Kwik Kar footprint in the Dallas area and elsewhere. The deal is an add-on to FullSpeed's platform as it pursues aggressive unit growth backed by MidOcean Partners.
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FullSpeed Automotive Acquires Six Minit Man Oil Change Centers in Corpus Christi, TX
November 8, 2021
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FullSpeed Automotive acquired six quick-lube and automotive service centers operating as Minit Man Oil Change in the Corpus Christi, Texas market from HLS Ventures. The centers will be rebranded as Grease Monkey as part of FullSpeed's ongoing growth strategy; FullSpeed is a PE-backed franchisor/operator (owned by MidOcean Partners) expanding its footprint in Texas.
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