Take 5 Oil Change Announces One More Acquisition to Close 2019
Transaction expands the company’s quick lube service presence across the U.S. to 516 stores
CHARLOTTE, N.C., – Take 5 Oil Change® (Take 5), one of the largest quick lube and automotive service operators in the nation, announced its acquisition and conversion of Chevron Fast Lube in Ruston, LA.
“We are so pleased with the growth that we saw in 2019. This final acquisition closed out the year and says a lot about our momentum going into 2020,” said Danny Rivera, executive vice president and group president, Retail Auto Service, and president of Take 5 Oil Change. “The addition of this business continues our strategy of aggressively expanding Take 5’s differentiated and simple business model through both our company-owned and franchise platforms.”
Take 5 specializes in fast, friendly and simple drive-thru oil change services. It has achieved significant growth since being acquired by Driven Brands™, the nation’s leading automotive aftermarket franchisor, in 2016. With this acquisition and ground up-locations, Take 5 ended 2019 at 516 locations across the U.S. and Canada.
“Since opening in 2001, the ownership and employees at Chevron Fast Lube has known that a customer’s vehicle is almost like a family member. We also realized how important friendly, fast and clean service is to our customers,” said Barbara Brasuell, former owner of Chevron Fast Lube. “So, the decision to sell to Take 5 was an easy one. We know that Take 5 Oil Change will continue to provide our customers with a great experience and our employees a great place to work.”
As part of their enhanced customer experience plans, Take 5 is immediately implementing a 25 percent off oil change discount for all active-duty military service members and veterans. To receive the discount, customers must simply present an accepted form of military ID.
Honoring those who serve and their families have always been a core value of Take 5 Oil Change. It demonstrates these values not only by providing this unique discount to military customers, but by employing many military men and women, and by corporately partnering with military organizations for charitable giving. Take 5’s goal is to invest back into the stores and the local economies that they’re growing in.
For more information about the company, or to find locations, please visit www.take5oilchange.com.
About Take 5 Oil Change Established in 1984, Take 5 Oil Change® is a quick lube franchise under Driven Brands™ featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an on average 10-minute oil change service and four ancillary services such as air filter, wiper blade changes, and transmission and radiator fluid replacements. Take 5 has over 500 company-owned and franchised service centers throughout the United States and Canada. For more information, visit www.take5oilchange.com.
About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the parent company of North America’s leading automotive aftermarket brands across three distinct verticals: Retail Auto Service, comprised of Take 5 Oil Change®, Meineke Car Care Centers®, and Automotive Training Institute™; Collision & Insurance, comprised of Maaco®, CARSTAR®, ABRA®, and Uniban™; and Distribution, comprised of 1-800-Radiator & A/C® and PH Vitres d’Autos™. Driven Brands has over 3,300 centers across North America and Canada, and combined, all businesses generate more than $3.1 billion in system sales and service approximately 9 million vehicles annually. For more information, visit www.drivenbrands.com.