Express Oil Change & Service Centers has acquired Tire Engineers Car Care Centers. Both companies are based in Birmingham, AL. Tire Engineers has seven locations — all in Alabama. Express Oil Change has roughly 200 locations across the Southeast, from Texas to North Carolina and from Virginia to Oklahoma.
Express is owned, in part, by Carousel Capital, a private investment firm. Earlier this year, Carousel launched a new platform called Southeastern Automotive Aftermarket Service Holdings, which is focused on the automotive aftermarket service industry in the southeastern United States and adjacent markets. Express was the platform’s initial acquisition.
“The Express service model and successful history of operating significant numbers of company-owned locations provide numerous options for organic and acquisition-related growth as the automotive aftermarket service industry continues to consolidate,” said Jason Schmidly, managing partner of Carousel Capital.
Richard Brooks, chairman and CEO of Express, said back in January when Southeastern Automotive Aftermarket Service Holdings was formed: “We have had a long relationship with the people at Carousel Capital, and our entire Express family looks forward to aggressively growing the company through our partnership. We have never been as excited about the organic growth plan before us and the opportunity to selectively pursue greater density in the region through acquisitions to ensure we are able to meet every customer need for a well-maintained vehicle.”
This brings us back to Tire Engineers. According to AL.com and The Birmingham News, the company’s management will remain in place and the Tire Engineers brand will not be changed.
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