Trivest Partners, a Miami-based private equity firm, has acquired Take 5 Oil Change from the company’s inactive founder, Monty Montgomery. Take 5 CEO and shareholder Pete Frey will continue to lead the company’s daily operations. Financial terms of the deal were not disclosed. New Orleans-based Take 5 has 26 locations, mostly in Louisiana, in addition to Mississippi, North Carolina and South Carolina. Over the last five years, the company has nearly doubled its footprint.
Trivest is no stranger to the aftermarket. Among the firm’s previous holdings are Penda Corp. and DEI Holdings.