GREENWOOD VILLAGE, Colo. — Grease Monkey and SpeeDee Oil Change franchisor FullSpeed Automotive acquired Manchester, Conn.-based Economy Oil Change on Dec. 22.
Economy Oil Change operates three locations, in Glastonbury, Manchester and Vernon, Conn.
"We are very excited to add Economy Oil Change to our family of 600-plus automotive centers," FullSpeed CEO Kevin Kormondy said.
"Economy has an impressive operation and extremely loyal customer base. This purchase was an opportunity for us to demonstrate our commitment to growth in the northeastern United States and is an outstanding complement to our existing brands," he added.
Greenwood Village-based FullSpeed Automotive was acquired in November by New York-based private equity firm MidOcean Partners for an undisclosed amount.
In addition to the Grease Monkey and SpeeDee Oil Change & Auto Service brands, FullSpeed supports the American Lubefast and Uncle Ed's Oil Shoppe brands and operates over 50 Havoline xpress lube locations. FullSpeed's brands encompass over 600 locations nationwide.
"We are thrilled to have the Economy team become part of the FullSpeed family," Gerry Gallo, one of Economy's original owners and longtime general manager, said. "The additional resources and support the company brings will help to take the organization to even higher levels."
