CHARLOTTE, N.C. — Driven Brands Inc.'s Take 5 Oil Change business has acquired quick lube chains in Wisconsin and Texas that together operate 55 locations.
The acquisitions — Fast Track Oil Change Centers with 27 locations in the Green Bay and Milwaukee markets and Express Automotive Group with 28 locations in the Houston market — expand the Take 5 network of fast-lube outlets to 483 locations across the U.S. and Canada.
Financial terms of the deals — which expand Take 5's presence in Texas to 148 locations, including 58 in the Houston metropolitan area, and in Wisconsin to 40 outlets— were not disclosed.
To mark the acquisitions, Take 5 is offering a 25 percent discount to active-duty military service members and veterans at its stores in those states.
"Honoring those who serve, and their families, has always been a core value of Take 5 Oil Change," John Teddy, chief commercial officer of Driven Brands, said.
"We live these values not only by providing this unique discount to military customers but by employing many military men and women. The addition of this discount is just one of many changes our customers can expect as we invest back into these stores, the local community, and most importantly, our customers."
In Wisconsin, Mike Palmisano, owner of Fast Track Oil Change Centers, said, "We are proud of the brand that we built and proud to have served customers across the state of Wisconsin. We're excited to work alongside Take 5 to build upon this legacy by pursuing their mission of being fast and customer-centric."
Greg Cole, owner of Express Automotive Group, said: "We were very impressed with the Take 5 team, from acquisitions to operations, and are extremely confident we are leaving both our customers and our people in the best possible hands. We look forward to watching the future success of the stores as they transition to the Take 5 model."
Take 5 is one of five automotive aftermarket businesses operated by Charlotte-based Driven Brands. The others are Meineke Car Care Centers; Maaco; CARSTAR; and 1-800-Radiator & A/C. The company recently began franchising the Take 5 model as well.