FullSpeed Automotive Acquires 6 Shops
Nov. 10, 2021—FullSpeed Automotive has acquired six service centers in the Corpus Cristi, Texas market.
The six centers currently operate as Minit Man Oil Change and will be rebranded as Grease Monkey.
"We are thrilled to bring the Grease Monkey brand to the Corpus Christi market with six new centers and continue our strong growth in Texas," Kevin Kormondy, CEO of FullSpeed Automotive, said in a statement. "This is the second major acquisition made by FullSpeed Automotive in the state of Texas this year, following an acquisition of twenty-five new centers in the Dallas-Fort Worth market in July. We have also opened four franchised units in Texas this year, including a new Grease Monkey center in Texas City, TX last week."
Following its acquisition by MidOcean Partners in November 2020, FullSpeed Automotive has completed twenty-three acquisition transactions that have added sixty- seven new centers, and now has 697 franchised and company-owned locations