FullSpeed Automotive Announces Six Acquisitions in Mississippi
FullSpeed Automotive, a single of the nation’s most significant franchisors and operators of automotive aftermarket fix services, home to flagship brands Grease Monkey and SpeeDee Oil Adjust & Vehicle Company, has introduced the recent acquisition of six swift lube and automotive company centers in Mississippi. All places will be rebranded as Grease Monkey. Coming off the heels of this information, both equally flagship models have set an intense improvement objective to grow to 20 combined centers in the course of the point out by the end of 2025.
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The six obtained speedy lube and automotive support facilities currently function as Calypso Automotive in Cleveland, Greenville, Kosiusko, Natchez, and Oxford. All are set to be rebranded as Grease Monkey by summertime 2022. FullSpeed Automotive’s acquisition approach has performed a strategic purpose in the nationwide growth of Grease Monkey and SpeeDee Oil Modify & Automobile Provider – with 24 done acquisition transactions comprised of 66 competitor conversions given that being obtained by MidOcean Associates in November 2020.
With quickly to be 10 open up facilities throughout both of those brand names all over the point out, there is large whitespace for continued progress. The FullSpeed management staff sees prime possibility for each Grease Monkey and SpeeDee Oil Adjust & Car Services in Jackson, Hattiesburg, Gulfport, Meridian, and Tupelo. Wanting to include 10 new spots to these markets more than the upcoming a few decades, the makes purpose to mature with franchisees as effectively as via strategic acquisitions.
“With only a find amount of amenities running in the point out, there is an extraordinary opportunity to build out our brand names in high-profile marketplaces,” stated Kevin Kormondy, CEO of FullSpeed Automotive. “Over the previous number of decades, we have been on a phenomenal development curve earning now an opportune time to spend. With the correct ideas, demonstrated observe data, and a booming vehicle aftermarket marketplace, we’re keen to accelerate our enhancement endeavours throughout Mississippi.”
Mostly unimpacted by the pandemic, the automobile treatment field is expected grow approximately 25% and achieve $477.6 billion by 2024, according to the Auto Treatment Association’s most latest exploration study. With much more cars and trucks on the street, a lot more miles driven, and the normal age of vehicles escalating into the teenagers, FullSpeed Automotive is nicely-poised for the long term.
FullSpeed Automotive is on the lookout to deliver on skilled and engaged persons trying to get single, multi-unit, and conversion possibilities. When franchisees spend with FullSpeed Automotive brand names, they’re investing in an business with a solid culture, stable devices, and a verified business design
s backed with 70+ years of knowledge in supplying quality car or truck care in the market. FullSpeed has its eyes established on intense enhancement forward with a goal to reach its 1,000-unit milestone by the conclude of 2022/early 2023.
In accordance to the 2020 Franchise Disclosure Documents, the Best 50% of Grease Monkey’s franchised merchants generated $1,053,386 AUV and the Leading 50% of SpeeDee Oil Change & Automobile Service’s franchised merchants produced $1,385,243 AUV.
For additional details on Grease Monkey or SpeeDee Oil Transform & Auto Support, visit fullspeedautomotive.com or connect with 800-364-0352.