GREENWOOD VILLAGE, Colo. — FullSpeed Automotive, the franchisor of Grease Monkey and SpeeDee Oil Change & Auto Service, has acquired the intellectual property of Kwik Industries Inc., including ownership of the Kwik Kar brand, and purchased 25 Kwik Kar locations from independent operators.
The completion of this acquisition brings FullSpeed to 10 acquisitions in 2022, for a total of 40 units across six states.
These recent acquisitions include the 25 Kwik Kar locations in Dallas for a total of 54 company-operated Kwik Kar centers, four Texas Express Lube centers and locations in Connecticut, Florida, New Mexico and Wisconsin.
Subscribe to Tire Business for more award-winning news and insight.
Kwik Kar specializes in full-service oil changes, scheduled maintenance, state inspections and other automotive repair services.
"We are thrilled to acquire a quality brand like Kwik Kar that has such a tremendous reputation and loyal customer base," FullSpeed CEO Kevin Kormondy said.
"This acquisition further solidifies our position as one of the nation's largest automotive aftermarket services operators and franchisors. We look forward to further developing the Kwik Kar brand as well as growing the number of units that we own."
FullSpeed said it has also awarded 25 new franchise agreements this year.
FullSpeed previously announced an aggressive M&A and franchise development strategy, with plans to continue expansion efforts across the country.