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The Charlotte-based franchisor, Driven Brands Inc., now has one more automotive service brand in their portfolio. According to a <a href="http://www.crainscleveland.com/article/20160930/NEWS/160939979/lube-stop-is-acquired-by-charlotte-based-driven-brands-inc?utm_source=1851franchise.com&utm_medium=article&utm_campaign=crains-cleveland-business-lube-stop-is-acquired-by-charlotte-based-driven-brands-inc-6403" target="_blank" rel="nofollow" target="_blank">recent Crain&rsquo;s Cleveland Business article</a>, the company, which is owned by Atlanta private equity firm Roark Capital Group, has acquired Berea-based Lube Stop.

Across three Midwest states, Lube Stop operates 51 quick oil change locations. This acquisition will grow the Driven Brands&rsquo; Quick Lube division, which also includes Pro Oil Change, Take 5 Oil Change, and Driven Florida Lubes.

Lube Stop has been a part of a series of acquisitions recently, as the company acquired Oil Wizard in March and was acquired by Argone Capital Group in September 2014.

&quot;The addition of Lube Stop strengthens our commitment to the strategic growth of our Quick Lube division with top-performing, complementary companies,&quot; said Jonathan Fitzpatrick, CEO of Driven Brands, in a&nbsp;news release. &quot;Lube Stop is a great addition to our portfolio as it has remained an industry leader for more than 30 years, due in large part to its customer-first premise and stellar operations.&quot;

<a href="http://www.crainscleveland.com/article/20160930/NEWS/160939979/lube-stop-is-acquired-by-charlotte-based-driven-brands-inc?utm_source=1851franchise.com&utm_medium=article&utm_campaign=crains-cleveland-business-lube-stop-is-acquired-by-charlotte-based-driven-brands-inc-6403" target="_blank" rel="nofollow" target="_blank">Click here</a> to read the full article.

Crain’s Cleveland Business: Lube Stop is Acquired By Charlotte-Based Driven Brands Inc.

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Roark Capital Group and Driven Brands Inc. acquired Lube Stop to add to a portfolio of automotive service brands. 

crains-cleveland-business-lube-stop-is-acquired-by-charlotte-based-driven-brands-inc

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Crain’s Cleveland Business: Lube Stop is Acquired By Charlotte-Based Driven Brands Inc.

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