Wynnchurch Capital has acquired Heartland Automotive Services, one of the largest franchisees in the quick lube business and is the largest operator of Jiffy Lube service centres with approximately 523 locations.
The acquisition of Heartland, which will which will be renamed Team Car Care, was completed in partnership with Mid-Atlantic Lubes, an existing Jiffy Lube franchisee.
John Hatherly, Co-Managing Partner at Wynnchurch says: “Heartland is a tremendous addition to our portfolio of service businesses. We feel very fortunate to be partnering with Jiffy Lube International, Inc. We are also excited to partner with Mid-Atlantic Lubes, Inc. and its 10-year history of outstanding customer service delivery that will continue on with each of Heartland’s guests.”
Erin Murphy, Managing Director at Wynnchurch, adds: “We are excited to invest in Heartland and to build on the Company’s leadership position in the quick-lube retail service market. We believe that Heartland’s focus on providing customers with industry leading quality, availability and service, combined with the experience and leadership of Mid-Atlantic Lubes, positions Heartland to be a strong platform for growth.”
