Nov. 7, 2017—CenterOak Partners LLC, a Dallas-based private equity firm, announced that it has completed a majority investment in FullSpeed Automotive.
FullSpeed Automotive is an independent franchisor of automotive quick lube centers.
John B. Adams, president and CEO, and the existing management team will continue to lead the company following CenterOak’s investment.
FullSpeed Automotive was founded in 1978 and has over 500 automotive centers across the U.S. and internationally.
The company’s brands include: Grease Monkey, SpeeDee, LubePro’s, and Monkey Shine car wash.
The company’s retail operations division also operates Havoline xpress lube locations.
In addition to quick lube oil changes, FullSpeed Automotive provides a variety of other services, such as tire rotations, brake services, suspension repairs, and minor electrical-system repairs.