BLOOMFIELD HILLS, Mich. — O2 Investment Partners L.L.C. has hired John Teddy to be CEO of Straightaway Tire & Auto.
Teddy most recently was president of Take 5 Car Wash, a division of Driven Brands Holdings Inc. During his time at Driven Brands, he also served as chief commercial officer and held multiple senior leadership positions within the Take 5 Oil Change division.
He previously worked for Home Depot Inc. and Lowe's Companies Inc. where he orchestrated various corporate strategy, mergers/acquisitions and performance improvement initiatives to help drive strong market share gains and profitability growth, according to O2 Investment.
"Straightaway is a truly unique home for founder-led brands, supported by the benefits of a world class platform, and powered by our incredible front-line associates. It's an honor to serve this team as we continue to accelerate our growth," Teddy said.
O2 Investment, a Bloomfield Hills-based private-equity firm, is a stakeholder in Straightaway Tire, which was formed in 2023 by the amalgamation of five independent dealerships and now has more than 50 locations throughout Colorado, Florida, Maine, Massachusetts, Minnesota, New Hampshire, and Wisconsin.
"(Teddy) is a proven leader with considerable experience scaling auto service businesses and will be instrumental to our next phase of growth," O2 partner Joe Vallee said.
"His addition underscores our commitment to build a platform with best-in-class resources that empower our industry-leading local operators. This marks yet another step toward building something special in the industry."
