FullSpeed Automotive® Shows Major M&A Midyear Growth Including Acquisition of Kwik Kar®
Automotive Aftermarket Repair Facilities Completed Eight Acquisitions and Adds a Third Brand in First Half of 2022
July 05, 2022 // Franchising.com // Greenwood Village, CO - FullSpeed Automotive® acquired the intellectual property of Kwik Industries, Inc., including ownership of the Kwik Kar brand, and purchased from local independent operators a total of 25 more Kwik Kar related centers. The completion of this acquisition brings FullSpeed to ten acquisitions in 2022, for a total of 40 units across 6 states.
FullSpeed’s most recent acquisitions include the 25 new Kwik Kars in Dallas for a total of 54 company operated Kwik Kar related centers, four Texas Express Lube centers, and units in Connecticut, Florida, New Mexico and Wisconsin.
Kwik Kar® specializes in full-service oil changes, scheduled maintenance, state inspections, and many other automotive repair services. The iconic Kwik Kar brand will add strength to FullSpeed’s current roster of flagship brands, which already includes Grease Monkey and SpeeDee Oil Change & Auto Service.
“We are thrilled to acquire a quality brand like Kwik Kar that has such a tremendous reputation and loyal customer base,” said Kevin Kormondy, Chief Executive Officer of FullSpeed Automotive. “We look forward to further developing the Kwik Kar brand as well as growing the number of units that we own.”
SOURCE FullSpeed Automotive®
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