Greenwood Village, CO -based Grease Monkey International (GMI) has acquired the assets and franchise contracts of LubePro’s, a 30-shop chain with locations in Illinois, Minnesota, Tennessee and Wisconsin.
Of the 30 stores, 16 are to be converted to the Grease Monkey brand and operated by an affiliate of the company. The owners of the remaining 14 LubePro’s franchises are being offered the opportunity to convert to the Grease Monkey brand.
Management expects to complete the rebranding of these centers by mid-November.
“The purchase of the successful LubePro’s chain is an exciting opportunity for Grease Monkey International to build the presence of the Grease Monkey brand in the midwestern part of the United States,” said John Adams, GMI president and CEO. “Our plan is to take what are already strong locations, remodel the facilities, add additional vehicle maintenance services, and enhance the customer experience … .”
GMI senior vice president of operations and business development Ralph Yarusso added: “This demonstrates our planned growth, both organically and through acquisition.”
The company has more than 270 centers in the United States, Latin America and China.
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