Skip to main content
Sister Publication Links
  • Automotive News
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • HUMANITARIAN
  • News
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • BEST PLACES TO WORK
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 08, 2015 02:00 AM

Lube Stop acquires Grease Spot

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    CLEVELAND—Lube Stop Inc., a 37-location quick service oil change operation in Northeast Ohio, has acquired the assets of Grease Spot Inc., a 13-unit quick service oil change operator with locations in Illinois and Iowa.

    Tony Cammerata, Lube Stop president, said that “with this acquisition, we are excited to be joining forces with a highly-experienced Grease Spot team as we look to expand the Lube Stop brand and suite of services into exciting new markets.”

    Financial terms were not disclosed. The company, which is retaining Grease Spot employees, plans to eventually rebrand the Grease Spot locations as Lube Stop.

    The acquisition is the first for Cleveland-based Lube Stop since it was acquired in 2014 by an affiliate of Argonne Capital Group L.L.C.

    “We acquired Lube Stop as a platform for acquisitions just like this,” said Bill Weimar, senior vice president at Argonne Capital Group. “We are excited to have crossed the 50-store mark with this deal and look forward to facilitating Lube Stop's continued growth in the automotive service sector.”

    Lube Stop was founded in 1985 and operates company-owned locations in the Cleveland and Akron-Canton, Ohio, areas, offering oil changes and ancillary automotive services.

    Bourbannais, Ill.-based Grease Spot has been in business since 1986. It was owned by Buck and Diane McClure and Michele McClure. It specializes in 10-minute oil changes.

    Mr. Cammerata said the firm plans to continue growing its market penetration in the Midwest through acquisitions and is always looking to buy small or large oil-change operations.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Update: Goodyear agrees to meet investment group
    2
    Mavis acquiring TBC's NTB, Tire Kingdom business
    3
    TBC, Mavis complete deal for NTB, Tire Kingdom stores
    4
    EV owners say OE tires wearing out too soon
    5
    Of raiders and Wingfoots: What's ahead for Goodyear?
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • HUMANITARIAN
    • News
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • BEST PLACES TO WORK
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION