Driven Brands Announces Acquisition of Super-Lube

Source Press Release
Company Driven Brands, Inc. 
Tags Corporate Deals, Deals, Refining & Marketing Activities
Date February 11, 2019

Take 5 Oil Change, one of the largest quick lube operators in the nation, today announced its acquisition of Super-Lube, a chain of quick lube and automotive service centers with 48 total locations in Florida, Wisconsin, Indiana, Illinois, and Alabama.

Take 5 Oil Change specializes in fast, friendly and simple drive-thru oil change services. Take 5 Oil Change has achieved significant growth since being acquired by Driven Brands, the nation’s leading automotive franchisor, in 2016. Super-Lube is Driven Brands’ 25th acquisitionand expands Take 5’s total footprint to 19 states.

"We’re pleased to welcome Super-Lube to the Take 5 Oil Change family," said Jonathan Fitzpatrick, CEO Driven Brands. "The addition of this business continues our strategy of aggressively expanding Take 5 Oil Change’s differentiated and simple business model through both our company-owned and franchise platforms.”

“Super-Lube has been a great company to own and operate for over 13 years. All our employees work hard and care about their jobs and the communities they represent,” said Tom Chambasian, previous owner of Super-Lube. “We feel good about the company we picked to purchase the business and feel confident that Take 5 will continue to serve our customers with the pride of quality service that has been the foundation of our success.”

The acquisition of Super-Lube expands Take 5 Oil Change’s total network to more than 350 locations in the U.S, including the Company’s first locations in Wisconsin. The acquired quick lube centers will be rebranded over time as Take 5 Oil Change.

Since affiliates of Roark Capital acquired Driven Brands in 2015, it has executed eight major acquisitions, including Super-Lube, and continues to grow across all verticals, expanding the brands' footprint to more than 2,500 locations in North America.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd