Lube Stop Announces Acquisition of Oil Wizard
Lube Stop, a 49-unit, quick service oil change company headquartered in Northeast Ohio, announced that it has acquired the assets of Oil Wizard, a two-unit quick service oil change operator with locations in Princeton and Peru, Illinois.
“Oil Wizard has proudly served the Princeton and Peru markets for nearly 10 years, delivering fast, friendly and affordable automotive service to their customers. Their strong reputation and loyal customer base is what attracted us to these stores,” said Tony Cammerata, president of Lube Stop. “This acquisition fits within the footprint of our previous 13-store acquisition in Illinois and gives us the store density to better serve the area. We are excited to have the Oil Wizard team join the Lube Stop family as we continue to expand and strengthen our brand.”
This is the second of many expected add-on acquisitions for Lube Stop since it was acquired by an affiliate of Argonne Capital Group, LLC in September 2014.
“Having operated quick lubes for over 30 years, we understand the mindset of independent operators and can give them confidence that we will continue to be good stewards of their customers and employees. It’s important for owners to know they can leave the business they have built in capable and experienced hands,” said Steve Isom, vice president of business development at Lube Stop.