Take 5 Oil Change, one of the largest U.S. quick-lube operators with roughly 375 shops, has acquired Advance Kwik Lube, a chain of quick-lube and automotive service centers with 25 locations in Texas. The shops are in the Dallas/Fort Worth, Midland, Odessa, Amarillo and Lubbock areas. The acquired locations will be rebranded as Take 5 Oil Change over time.
Financial terms of the transaction were not disclosed.
Take 5 has been growing since Driven Brands acquired the business in 2016. Advance Kwik Lube marks Driven Brands’ 27th acquisition.
Charlotte-based Driven Brands, a Roark Capital holding, is the parent company to Meineke Car Care Centers, Maaco, Carstar North America and 1-800-Radiator & A/C. Driven Brands has nearly 2,700 shops across North America and generates over $2.60 billion in system sales.