Grease Monkey International, Inc. Acquires 30-Store LubePro’s Chain
September 04, 2013 // Franchising.com // Greenwood Village, CO - Colorado-based Grease Monkey International, Inc. (GMI) announced today that through its affiliates, it acquired the assets and franchise contracts of LubePro’s International, Inc., a 30-store chain of fast lubrication and automotive maintenance centers located in Illinois, Minnesota, Tennessee and Wisconsin. Of the 30 stores, 16 will be converted to the Grease Monkey™ brand and operated by an affiliate of GMI. The franchise owners at the remaining 14 LubePro’s™ locations have been offered the opportunity to convert to Grease Monkey™ branded centers. GMI expects to complete the rebranding of the centers converting to the Grease Monkey™ brand by mid-November.
“The purchase of the successful LubePro’s™ chain is an exciting opportunity for Grease Monkey International to build the presence of the Grease Monkey™ brand in the Midwestern part of the United States,” says John B. Adams, Grease Monkey International, Inc. President & CEO. “Our plan is to take what are already strong locations, remodel the facilities, add additional vehicle maintenance services, and enhance the customer experience by delivering on the Grease Monkey™ promise of ‘less hassle, more hustle’.”
Grease Monkey International, Inc. Sr. VP of Operations & Business Development Ralph Yarusso commented that the addition of the LubePro’s™ locations is the most recent example of Grease Monkey International’s current growth strategy which it expects to be more aggressive going forward. “This demonstrates our planned growth both organically and through acquisition,” says Yarusso.
“LubePro’s International, Inc. was founded in 1978, the same year Grease Monkey International, Inc. began its operations,” says Ray Keating, LubePro’s International, Inc. President. “We look forward to joining the Grease Monkey™ family and to serving our customers for many years to come.”
About Grease Monkey International, Inc.
Founded in 1978, Grease Monkey International, Inc. is one of the largest automotive maintenance chains not owned by a major oil company, with more than 270 centers located in the United States, Latin America and China. Grease Monkey™ centers focus on a “less hassle, more hustle” customer experience to fit the busy lives of the driving public by meeting their vehicle maintenance needs based on vehicle manufacturer recommendations. Grease Monkey™ centers provide total car care services that meet or exceed vehicle owner’s manual specifications and maintain warranty requirements. Services include fluid, filter and tire maintenance, as well as brake services. For more information, go to www.greasemonkeyintl.com.
SOURCE Grease Monkey International, Inc.
Grease Monkey International, Inc.
LubePro’s International, Inc.