Transaction expands the company’s quick lube and automotive service presence across the U.S.
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 of Freedom Ten Minute Oil Change & Car Wash in Lafayette, Louisiana and Precision Lube in Amarillo, Texas. Both locations have converted to Take 5.
The Louisiana acquisition makes the 4th location in the Lafayette market and brings the state total to 36 locations. The Texas acquisition makes the 3rd location in the Amarillo market and brings the state total to 153 locations.
“We’re pleased to welcome both brands to the Take 5 family, and to grow our presence in Louisana and Texas,” said Danny Rivera, executive vice president and group president, Retail Auto Service, and president of Take 5 Oil Change. “The addition of these businesses 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 these acquisitions and some additional ground up-locations, Take 5 plans to end the year around 516 locations across the U.S. and Canada.
“Our customers and employees have been the backbone of Precision Lube success for over 30 years. From humble beginnings, we grew by providing fast and friendly service to customers,” said Bill Cherry, former owner of Precision Lube. “We have been very impressed with Take 5 throughout the process, and are comfortable they will both take care of our people and continue to provide customers with the same high level of service they’ve come to expect as they transition to the Take 5 model.”
“Our loyal customers and employees have been the reason for our success for the last 14 years. It has been a rewarding experience serving the Acadiana area, and we are so thankful for everyone’s support,” said Koury Ortega, former owner of Freedom 10 Minute Oil Change & Car Wash. “We were very impressed with Take 5’s operation and are confident that our employees and customers will continue to receive the same service that they have grown to love.”
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.