Feb. 27, 2023–Calder Capital has assisted Performance Plus Quick Oil Change & Car Wash in acquiring Sparkle Car Care Centers in Benton Harbor, Michigan, according to Grand Rapids Business Journal.
Performance Plus was founded in Holland by brothers Kyle and Justin Klingenberg and has its headquarters in Wyoming. The company has close to 50 locations across Michigan.
Performance Plus reached out to Grand Rapids-based Calder Capital for assistance in “expanding its services in new communities,” according to Calder. With the completion of this deal, the two companies have worked on three total acquisitions.
“There are strong synergies between the two companies, Kyle Klingenberg said, “which provide new markets for Performance Plus.”
The recently-purchased Sparkle Car Care was founded in 1981 and has three locations in Michigan. Two of the three owners, Bill and Chad Stockwell, are looking into “pursuing other business opportunities.” Their father, and third owner, Carlos Stockwell, will be retiring.
