Founded in 2009, LWG operates 82 Midas locations, including six that are co-branded Midas and SpeeDee locations, and 35 under the Big O Tires brand.
It operates the most locations (22) in its home state of Colorado, and it has locations stretching to Wisconsin in the north, Texas to the south, Connecticut to the east and New Mexico to the west.
Shader said if an acquisition presents itself in a new state that makes sense, LWG will pursue it.
"If someone calls us and has a bunch of stores in another state, yea, we're definitely going to look at it," he said. "But we're never going to go into a new state with just a few stores."
Shader said he estimated that at least three-fourths of the acquisitions that LWG consummates are initiated by the shop owner.
And he said they approach the equity firm because they know the deal will go smoothly.
"They know we have the capital to acquire them; they come to us because they know we're going to be easy to deal with; we're not going to a bank; we're not going to the (Small Business Administration); we have all legal in-house; we have all accounting in-house; we can write checks and close deals in 30 to 45 days.
"People come to us because they know we can get the deal done."
LWG, unlike other equity firms, also will acquire the real estate where those locations sit. While that isn't essential for a deal, Shader said it is a strategy that works for several reasons.
"One, it controls our own destiny, as we see ourselves as a longtime player, so it allows us to create a longtime presence," Shader said. "And second of all, we look at it as good business from an investment standpoint. It fits our mold well because we are a longtime strategic player, and we look at owning our own real estate as just good business."
And business, he said, has been booming across all LWG locations. The company's sales are up 12% over last year, and its Big O franchises are up 20%.
Business hasn't just increased this year. LWG has posted record sales each of the last four years, Shader said, outperforming the averages significantly.
That success, Shader said, can be attributed directly to the company, its team of employees and the remodeling of every Big O location in the group.
"We've done an incredible job of upgrading people and talent across our organization, and I think there is good demand out there. It's all of those factors coming in."
And he said, higher labor rates have played a role, too.
"The costs are higher, as far as average ticket," Shader said. "It's a little bit of a perfect storm from our organization of pent up demand, and then our team is just doing a great job over the last three years of positioning ourselves to be able to capture."
He credited Derek Wessels, chief operating officer and president of the automotive division, for assembling a talented team.
"When you have talent in an organization, exciting things can happen," Shader said.