MidOcean Partners has bought FullSpeed Automotive, an automotive services provider, from CenterOak Partners. The target is the fourth largest quick lube operator in the U.S.
FullSpeed operates under the Grease Monkey and SpeeDee brands, and offers oil changes, tire sales and rotations, brake services and car washes.
“The highly fragmented automotive aftermarket is a space we know well, and the FullSpeed exit represents our second successful investment in the sector following the sale of TruRoad last year,” says Randall Fojtasek, CEO of CenterOak.
Harris Williams and Gibson, Dunn & Crutcher advised the sellers.