During a company-wide Zoom meeting on Monday, Costa Kapothanasis of Costa 10 Minute Oil Change announced that Michael Abdy has purchased the assets of Costa Oil International Inc through Abdy's holding company MCA Investments.

Costa Oil International Inc, which was the franchising arm of the business, is replaced by Costa Franchising LLC. Kapothanasis shared via email that a new Franchise Disclosure Document will be issued with this entity change. Kapothanasis will act as CEO with a team underneath him. 

Kapothanasis also shared that Costa 10 Minute Oil Change has 33 stores with 15 more scheduled to open during the next quarter, and more than 150 territories have been sold.