Transaction makes the third acquisition year-to-date for Take 5 and expands its footprint in Lubbock, Texas
CHARLOTTE, N.C. (PRWEB) AUGUST 07, 2019
Take 5 Oil Change (Take 5), a quick lube operator with over 400 locations across the U.S. and Canada, recently acquired the six Bolton Oil Change locations in Lubbock. With this acquisition, the company now has eight locations in the Lubbock market, including two from the acquisition of Advance Kwik Lube earlier this summer.
“Our customers and employees have been the core of our business for over 50 years – and Take 5 shares that mindset,” said Charles Bolton, owner of Bolton Oil.
The Bolton family will continue to own and operate the Bolton gas stations that are next to the oil change facilities and Take 5 hopes for a long-lasting partnership with Bolton Oil.
“We truly respect the Bolton family and the brand that they’ve built in Lubbock. The shops focus on speedy oil change services and delivering great customer service; which are key commitments at Take 5 also,” said John Teddy, Vice President of Strategy at Take 5. “Our goal is to build on to what the Bolton family has already established through innovation and technology to create the ultimate oil change experience.”
As part of their enhanced customer experience plans, Take 5 is immediately implementing a 25 percent off oil change discount for all active-duty military service members and veterans. To receive the discount, customers must simply present an accepted form of military ID.
“Honoring those who serve, and their families, has always been a core value of Take 5 Oil Change,” Teddy said. “We live these values not only by providing this unique discount to military customers, but by employing many military men and women, and by corporately partnering with military organizations for charitable giving. Our goal is to invest back into these stores, the local economy, and most importantly, our customers.”
Take 5 Oil Change is a portfolio company of Driven Brands, the nation’s leading automotive franchisor. For more information about the company, or to find locations in the Lubbock area, please visit take5oilchange.com.
About Take 5 Oil Change
Take 5 Oil Change has been serving customers for more than 30 years. In 1996, Take 5 designed the first “5 Minute Drive-Thru Oil Change” location. Take 5 Oil Change is the market leader in speed and quality and is the fastest-growing quick-lube chain in the country. For more information, visit take5oilchange.com.
About Driven Brands
Driven Brands, headquartered in Charlotte, NC, is the parent company of North America’s leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers®; Paint & Collision, housing Maaco® and CARSTAR North America®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Take 5 Oil Change. Driven Brands has nearly 2,700 centers across North America, and combined; all businesses generate more than $2.6 billion in system sales and service approximately 8 million vehicles annually. For more information, visit drivenbrands.com.