July 16, 2024

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FullSpeed Automotive Announces Six Acquisitions in Mississippi

FullSpeed Automotive Announces Six Acquisitions in Mississippi

FullSpeed Automotive Announces Six Acquisitions in Mississippi

FullSpeed Automotive, just one of the nation’s largest franchisors and operators of automotive aftermarket maintenance services, house to flagship brands Grease Monkey and SpeeDee Oil Change & Car Provider, has introduced the modern acquisition of six swift lube and automotive company centers in Mississippi. All spots will be rebranded as Grease Monkey. Coming off the heels of this information, the two flagship brands have established an intense progress target to grow to 20 put together facilities in the course of the condition by the conclude of 2025. 

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The six acquired quick lube and automotive service centers at the moment run as Calypso Automotive in Cleveland, Greenville, Kosiusko, Natchez, and Oxford. All are established to be rebranded as Grease Monkey by summer 2022. FullSpeed Automotive’s acquisition tactic has performed a strategic function in the nationwide expansion of Grease Monkey and SpeeDee Oil Modify & Automobile Assistance – with 24 done acquisition transactions comprised of 66 competitor conversions since being acquired by MidOcean Partners in November 2020

With soon to be 10 open amenities throughout both equally makes through the condition, there is broad whitespace for ongoing growth. The FullSpeed leadership staff sees primary opportunity for both equally Grease Monkey and SpeeDee Oil Change & Vehicle Assistance in Jackson, Hattiesburg, Gulfport, Meridian, and Tupelo. Hunting to increase 10 new spots to these markets around the upcoming three yrs, the brands goal to improve with franchisees as very well as by means of strategic acquisitions. 

“With only a pick out amount of amenities operating in the condition, there is an outstanding opportunity to create out our brand names in significant-profile markets,” stated Kevin Kormondy, CEO of FullSpeed Automotive. “Over the past couple decades, we have been on a phenomenal growth curve earning now an opportune time to devote. With the right concepts, tested keep track of data, and a booming auto aftermarket industry, we’re keen to speed up our progress efforts throughout Mississippi.”

Mostly unimpacted by the pandemic, the auto treatment marketplace is envisioned increase approximately 25{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} and reach $477.6 billion by 2024, in accordance to the Auto Treatment Association’s most recent research study. With a lot more vehicles on the street, a lot more miles pushed, and the ordinary age of cars and trucks escalating into the teens, FullSpeed Automotive is perfectly-poised for the long term. 

FullSpeed Automotive is hunting to provide on experienced and engaged folks trying to get single, multi-device, and conversion prospects. When franchisees make investments with FullSpeed Automotive brand names, they are investing in an group with a sturdy lifestyle, stable devices, and a tested business enterprise models backed with 70+ a long time of expertise in furnishing good quality car care in the business. FullSpeed has its eyes established on aggressive growth forward with a aim to reach its 1,000-unit milestone by the conclusion of 2022/early 2023.

In accordance to the 2020 Franchise Disclosure Documents, the Top rated 50{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of Grease Monkey’s franchised merchants created $1,053,386 AUV and the Prime 50{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of SpeeDee Oil Improve & Vehicle Service’s franchised shops produced $1,385,243 AUV.

For much more information and facts on Grease Monkey or SpeeDee Oil Alter & Car Services, visit fullspeedautomotive.com or phone 800-364-0352.