Driven Brands Announces Acquisition of Super-Lube
Transaction expands the company’s quick lube presence in Florida, Wisconsin, Indiana, Illinois, and Alabama
CHARLOTTE, N.C. (PRWEB) February 11, 2019 - Take 5 Oil Change, one of the largest quick lube operators in the nation, today announced its acquisition of Super-Lube, a chain of quick lube and automotive service centers with 48 total locations in Florida, Wisconsin, Indiana, Illinois, and Alabama.
Take 5 Oil Change specializes in fast, friendly and simple drive-thru oil change services. Take 5 Oil Change has achieved significant growth since being acquired by Driven Brands, the nation’s leading automotive franchisor, in 2016. Super-Lube is Driven Brands’ 25th acquisition and expands Take 5’s total footprint to 19 states.
"We’re pleased to welcome Super-Lube to the Take 5 Oil Change family," said Jonathan Fitzpatrick, CEO Driven Brands. "The addition of this business continues our strategy of aggressively expanding Take 5 Oil Change’s differentiated and simple business model through both our company-owned and franchise platforms.”
“Super-Lube has been a great company to own and operate for over 13 years. All our employees work hard and care about their jobs and the communities they represent,” said Tom Chambasian, previous owner of Super-Lube. “We feel good about the company we picked to purchase the business and feel confident that Take 5 will continue to serve our customers with the pride of quality service that has been the foundation of our success.”
The acquisition of Super-Lube expands Take 5 Oil Change’s total network to more than 350 locations in the U.S, including the Company’s first locations in Wisconsin. The acquired quick lube centers will be rebranded over time as Take 5 Oil Change.
Since affiliates of Roark Capital acquired Driven Brands in 2015, it has executed eight major acquisitions, including Super-Lube, and continues to grow across all verticals, expanding the brands' footprint to more than 2,500 locations in North America.
About Take 5 Oil Change
Take 5 Oil Change has been serving customers for more than 30 years. In 1996, Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. For more information, visit take5oilchange.com.
About Driven Brands
Driven Brands, headquartered in Charlotte, NC, is the parent company of North America’s leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers®; Paint & Collision, housing Maaco® and CARSTAR North America®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Take 5 Oil Change. Driven Brands has more than 2,500 centers across North America, and combined, all businesses generate more than $2.6 billion in system sales and service approximately 8 million vehicles annually. For more information, visit drivenbrands.com.
Roark focuses on investing in franchised and multi-unit businesses in the consumer and business services sectors. Since inception, affiliates of Roark have invested in 68 franchise/multi-unit brands, which collectively generate $37 billion in annual system revenues from 36,000 locations in 50 states and 81 countries. For more information, visit roarkcapital.com.
SOURCE Driven Brands
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances