Acquisition of Ohio-based Lube Stop
Driven Brands strengthens Quick Lube division with purchase of 51 Midwest centers
Driven Brands announced today the acquisition of Ohio-based Lube Stop. Founded in 1985, Lube Stop operates 51 quick oil change locations across three states in the Midwest. This acquisition continues the tremendous growth for the Quick Lube division at Driven Brands – which includes Take 5 Oil Change, Pro Oil Change, and Driven Florida Lubes – that now totals more than 220 locations throughout North America.
“The addition of Lube Stop strengthens our commitment to the strategic growth of our Quick Lube division with top-performing, complementary companies,” said Jonathan Fitzpatrick, CEO of Driven Brands. “Lube Stop is a great addition to our portfolio as it has remained an industry leader for more than 30 years, due in large part to its customer-first premise and stellar operations.”
“This represents terrific growth for the newly formed Quick Lube Vertical at Driven Brands,” said Quick Lube Group President Marc Graham. “In just six months, we’ve greatly increased our footprint while offering unrivaled service to customers. Backed by Driven Brands’ world-class technology, purchasing power, operational support, and resources, we’ve been able to accelerate our growth and success.”