Take 5 Acquired by Private Equity Firm - January 2012

 

Take 5 Acquired by Private Equity Firm


Louisiana-based Take 5 Oil Change has been acquired by private equity firm Trivest Partners for an undisclosed amount.



Founded in 1984 as Rapid Oil Change, Take 5 Oil Change operates 26 fast lube locations across Louisiana, Mississippi, South Carolina and North Carolina.



Miami-based Trivest Partners will retain Take 5’s management team, including Pete Frey, CEO of the company.



According to its website, Trivest Partners was founded in 1981 and has completed 170 transactions worth more than $4.6 billion. It has a “dedicated focus on lower middle market companies” with targeted revenue ranging from $25 million to $250 million.



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