Greenwood Village, CO – May 6, 2021 – FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, announced today that it completed five separate acquisitions in April, adding a total of 10 new automotive maintenance and repair centers to its portfolio. Since being acquired by MidOcean Partners in November 2020, FullSpeed Automotive has acquired 17 new centers and now has over 650 franchised and company-owned locations.
The five acquisitions were completed in five different states as part of the company’s overall strategy to expand by acquiring strong performing independent automotive service centers. Centers were acquired and will be rebranded as Grease Monkey® centers in Rapid City, SD, Eau Claire, WI, Chippewa Falls, WI, Roy, UT, Locust Grove, GA, and Montgomery, TX.
“We are excited to bring these centers into the FullSpeed Automotive family, as the previous owners did a tremendous job in building strong businesses with a loyal guest following,” said Kevin Kormondy, Chief Executive Officer of FullSpeed Automotive. “We welcome the opportunity to speak with other independent shop owners who may be evaluating the current economic and tax uncertainty and are considering a sale, as FullSpeed Automotive has the resources and expertise to move quickly to close transactions.”
Billy Cannon, previous owner of four Super Lube Plus centers in Rapid City, SD, complimented FullSpeed Automotive on its acquisition process.
“Working with the FullSpeed team was a very efficient and smooth process,” Cannon said. “They moved quickly, and kept their word as we finalized terms.”