Driven Brands Acquires Advance Kwik Lube
Take 5 Oil Change has acquired Advance Kwik Lube, a chain of quick lube and automotive service centers with 25 total locations in Dallas/Fort Worth, Midland-Odessa, Amarillo and Lubbock, Texas.
Take 5, a drive-through oil change services company, has achieved significant growth since being acquired by Driven Brands in 2016, according to the company. Advance Kwik Lube is Driven Brands’ 27th acquisition and expands Take 5’s total footprint to 375 locations across the U.S. and extends its leadership in the state of Texas. The acquired centers eventually will be completely rebranded as Take 5 Oil Change.
“We’re pleased to welcome Advance Kwik Lube to the Take 5 family,” said Jonathan Fitzpatrick, CEO of Driven Brands. “The addition of this business continues our strategy of aggressively expanding Take 5’s differentiated automotive service platform.”
“Since opening in 1998, we’ve been incredibly proud of our business and employees and are happy to see them continue to grow with Take 5,” said Earl Erdmann, the previous Take 5 owner. “We’ve been very pleased with how Take 5 has handled the acquisition and integration process and couldn’t be happier with the outcome.”
Since affiliates of Roark Capital acquired Driven Brands in 2015, it has executed nine acquisitions, including Advance Kwik Lube. Fueled by these acquisitions and strong organic growth, Driven Brands continues to grow across its automotive verticals, expanding the brands’ footprint to nearly 2,700 locations across North America.