SpeeDee’s parent company FullSpeed Automotive® has acquired quick lube franchise Kwik Kar, which provides oil changes, automotive maintenance, and state inspection services. Based in Houston, Kwik Kar has more than 350 units in eight states.
FullSpeed purchased 25 Kwik Kar units about a year ago and, while considering buying additional units, decided to buy the Kwik Kar brand and intellectual property.
This is FullSpeed’s 10th acquisition this year, for a total of 40 units in six states. The company’s goal is to have 1,000 units by the end of 2023.
“We are thrilled to acquire a quality brand like Kwik Kar that has such a tremendous reputation and loyal customer base,” said Kevin Kormondy, Chief Executive Officer of FullSpeed Automotive. “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.”
For more information, see the story in Franchise Times here.