Around the Industry: Lube Stop Celebrates 30th Anniversary
With a tradition of quick oil changes and steady growth, Lube Stop is proud to arrive at a milestone moment: its 30th anniversary. On August 19, 1985, Lube Stop was founded in Cleveland, Ohio, to fill the gap between full-service gas stations and backyard mechanics. In the ensuing three decades, the business has blossomed into one of the most respected names in the fast oil change industry.
“To celebrate 30 years in today’s business environment, that’s huge,” said Tony Cammerata, president of Lube Stop. “We’ve built a culture based on customer service and value. We’ve always taken the approach that we’re a customer service business first and an automotive business second, and that means taking care of our customers with superior service and doing things the right way. It’s a formula that has driven us to this very special day for our company.”
The celebration culminates a momentous year for Lube Stop. Last September, the company was acquired by Argonne Capital Group, LLC, a private investment firm with a portfolio that generates more than $1.5 billion systemwide sales annually. In June, Lube Stop expanded its footprint outside of Northeast Ohio with the acquisition of the Grease Spot, a quick lube chain with 13 locations in Illinois and Iowa.
Today, Lube Stop has more than 300 employees serving 30,000 customers per month at 50 locations in three states.
“We’re happy to be known as a well-run organization with a staff of preventative maintenance experts who are as good as any you’ll find in our industry,” Cammerata said. “New technologies will emerge and oil chemistries will keep evolving, but our commitment to helping customers keep their cars on the road longer will always remain. And that will carry Lube Stop into its next three decades and beyond.”