FullSpeed Automotive, a portfolio company of the Dallas-based private equity firm CenterOak Partners, has acquired American LubeFast (ALF), a quick-lube chain with 50 shops in Georgia, Florida, Mississippi and Alabama. Financial terms of the deal were not disclosed.
FullSpeed Automotive is one of the nation’s largest franchisors and operators of automotive service centers, primarily under the Grease Monkey and SpeeDee brands.
The transaction marks FullSpeed’s 14th acquisition since CenterOak completed a majority investment in November 2017, and expands FullSpeed’s footprint to more than 560 locations domestic and international.
FullSpeed CEO Kevin Kormondy called the acquisition an important milestone that expands the company’s footprint in the Southeast.
“We are very impressed with the ALF operations and their relentless focus on delivering an exceptional customer experience,” Kormondy stated. “We fully intend to maintain this commitment to the customer experience going forward as we convert ALF to the Grease Monkey brand.”