Private Equity Invests in Quick Lube Centers
CenterOak Partners LLC, a Dallas-based private equity firm, announced that it has completed a majority investment in FullSpeed Automotive, one of the nation’s largest independent franchisors of automotive quick lube centers.
President and Chief Executive Officer John B. Adams and the existing management team will continue to lead the Company following CenterOak’s investment.
FullSpeed Automotive was founded in 1978 and has over 500 automotive centers across the U.S. and internationally. The Company’s quick lube centers include: Grease Monkey, SpeeDee, LubePro’s and Monkey Shine car wash. The Company’s Retail Operations division also operates Havoline xpress lube locations.
In addition to quick lube oil changes, FullSpeed Automotive provides a variety of other services, such as tire rotations, brake services, suspension repairs, and minor electrical-system repairs.
Category: General Update, News
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