Lube-Tech adds Mighty Auto Parts business

ST. PAUL, Minn. — Lube-Tech & Partners L.L.C. has acquired Mighty Auto Parts distribution franchises in Iowa, Minnesota and Wisconsin, establishing the St. Paul-based automotive lubrication products distributor as the Mighty distributor in parts of those three states.

Lube-Tech & Partners distributes lubricants and chemicals to commercial, automotive and industrial customers through dozens of distribution centers throughout the U.S.

By acquiring the three Mighty franchises, Lube-Tech now will add Mighty's inventory management services and preventive maintenance products, including filtration, wipers, lighting products, batteries, brakes, belts, shop supplies and chemicals to its portfolio, according to Mighty Distributing System of America Inc.

"Mighty allows us to increase customer value by helping customers become more profitable and proficient as providers of automotive maintenance services," Lube-Tech President Dave Stascavage said.

"In addition to offering high-quality preventive maintenance products, we will be able to help customers realize cost savings through improved inventory management."

The franchises acquired were: from Boyer Petroleum, a Des Moines, Iowa-based based lubricants distributor; and from Roger May in Burnsville, Minn., and Scott Sherman in Wakesha, Wis.

Lube-Tech assumed leases on warehouses in Burnsville and Waukesha and will continue to operate the Mighty business from those locations. Lube-Tech also acquired the business assets of inventory, accounts receivable, vehicles and FF&E, Mighty Distributing said.

Financial terms of the deals were not disclosed.

"The executive management teams at Lube-Tech and Mighty are committed to growth and worked together during the multi-year due-diligence process to ensure the partnership is positioned for success," said Mighty Distributing President and CEO Ken Voelker.

"We are excited about the significant opportunities this alliance will bring in the upper Midwest."

Lube-Tech & Partners was formed in June 2016 by Boyer Petroleum of Des Moines, Iowa; Lubrication Technologies of St. Paul; and Moore Oil of Milwaukee. The company maintains operations in Iowa, Minnesota and Wisconsin, employing more than 200.

Mighty President and CEO Ken Voelker said, "We are thrilled and proud to partner with these four well-respected new car dealership groups. We look forward to supporting their growth and success in these new ventures, which will provide valued services to their individual automotive service communities."

Norcross, Ga.-based Mighty Distributing System has 107 franchised distributors in 44 states and four international markets.

This latest deal follows by a couple of months the establishment of four new franchisees in Alabama, North Carolina, Oklahoma and Washington.

In each case the franchisee is a new car dealership: Stivers Ford in Montgomery, Ala.; Parks Auto Group in Winston-Salem, N.C., serving the greater Charlotte, N.C., market; Bob Moore Auto Group in Oklahoma City; and Pierre Auto Centers in Seattle.