MidOcean Partners Acquires FullSpeed Automotive

Dec. 2, 2020
The company will now oversee nearly 600 of FullSpeed's automotive centers across the country and internationally.

Dec. 2, 2020—MidOcean Partners, a private equity firm, has officially acquired FullSpeed Automotive, reports Business Wire.

FullSpeed Automotive, an auto aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes and more through multiple brands (including Grease Monkey and SpeeDee), was founded in 1978 and has nearly 600 automotive centers across the U.S. as well as internationally. 

MidOcean Partners, which specializes in middle market private equity and alternative credit investments, plans to continue the company’s growth plan through comprehensive organic initiatives.

“MidOcean has been evaluating the auto aftermarket services space for a number of years and is thrilled to partner with FullSpeed’s exceptional management team for the Company’s next phase of growth," said Daniel Penn, MidOcean managing director, in the report. "We believe FullSpeed will continue to experience strong growth from its existing locations with industry leading customer service and robust performance metrics. We also plan to support the Company’s existing aggressive M&A strategy, as well as to drive franchise development in new and existing markets."

 

 

 

Sponsored Recommendations

How one auto shop was able to order 20% more parts

Learn how one auto shop talks about the benefit of using PartsTech in their shop.

Vehicle Inspection Checklist For Auto Shops

Vehicle inspections, whether digital or on paper, are crucial for auto shops, ensuring thorough assessments and fostering trust by transparently revealing a vehicle's condition...

6 Reasons Why A Digital Vehicle Inspection Is A Must-Have

In an era of growing technology and innovation, auto repair shops must keep pace with the latest advancements to meet customers preferences and remain competitive.

How Your Auto Shop Can Now Connect To 30 Tire Suppliers For Free

Yep! We have over 50 tire suppliers in our network. And PartsTech is the only platform where you can access more than 30 of those suppliers FREE OF CHARGE.