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“CenterOak brings a fact based, data driven, analytical approach to problem solving.” –Kevin Kormondy, CEO of FullSpeed Automotive

FullSpeed Automotive

Headquarters

Greenwood Village, CO

Sector

Consumer

Website

www.fullspeedautomotive.com

Transaction Type

Family Owned, Closely Held

Status

Realized

Description

Fourth largest quick lube operator in the U.S. The company has nearly 600 automotive centers across the U.S. and internationally. The company’s core brands include Grease Monkey® and SpeeDee®. In addition to quick lube oil changes, FullSpeed Automotive provides a variety of other services, such as light mechanical repairs, tire rotations, brake services, and car washes.

Value Creation Opportunity

Completed 15 add-on acquisitions to broaden geographic footprint and service offerings
Significant investment in senior management team to support growth through additions in development, operations, finance and accounting
Accelerated greenfield franchise development and expansion of sales efforts
Strategic initiatives to drive same-store sales growth, including increased average ticket, customer count and ancillary services