PALM BEACH GARDENS, Fla. (Feb. 3, 2017) — TBC Corp. has sold its SpeeDee Oil Change & Auto Service franchise business to Grease Monkey International L.L.C. for an undisclosed price.
The sale, effective Jan. 31, provides Greenwood, Colo.-based Grease Monkey with more than 100 franchised SpeeDee-branded shops across the U.S., predominantly in California, Texas, the Gulf Coast, the Mid-Atlantic and New England, TBC said.
Palm Beach Gardens-based TBC acquired the SpeeDee business in March 2012 as part of its $310 million purchase of Midas Inc.