Heartland Automotive Services Acquired, Will Be Renamed
Wynnchurch Capital recently acquired Heartland Automotive Services, Inc., the largest operator of Jiffy Lube service centers with about 523 locations. Heartland will be renamed Team Car Care, LLC. The deal was completed in partnership with Mid-Atlantic Lubes, Inc., an existing Jiffy Lube franchisee.
"Heartland is a tremendous addition to our portfolio of service businesses," said John Hatherly, co-managing partner at Wynnchurch Capital. "We feel very fortunate to be partnering with Jiffy Lube International, Inc. We are also excited to partner with Mid-Atlantic Lubes, Inc. and its 10-year history of outstanding customer service delivery that will continue on with each of Heartland's guests."
"We are excited to invest in Heartland and to build on the company's leadership position in the quick lube retail service market," said Erin Murphy, managing director at Wynnchurch Capital. "We believe that Heartland's focus on providing customers with industry-leading quality, availability and service, combined with the experience and leadership of Mid-Atlantic Lubes, Inc., positions Heartland to be a strong platform for growth."