Economy Oil Change
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Economy Oil Change - overview
Established
1984
Location
-, CT, US
Primary Industry
Retail
About
Based in the US, Economy Oil Change specializes in providing efficient automotive maintenance services, primarily focusing on quick oil changes and vehicle upkeep for local customers. Economy Oil Change is an automotive service provider that delivers oil changes and general vehicle maintenance. Founded in 1984, the company has undergone changes to enhance its service offerings and expand its reach. It is headquartered in the United States, with operations extending to Connecticut cities such as Vernon, Manchester, and Glastonbury.
In December 2020, Economy Oil Change was acquired by FullSpeed Automotive, a portfolio company of MidOcean Partners, providing it with additional resources for growth. Economy Oil Change specializes in automotive maintenance services, primarily focusing on quick and efficient oil changes, car washes, and general vehicle maintenance. The company's core offerings include high-quality oil change services utilizing various lubricants, including conventional, high mileage, and synthetic oils, as well as extended performance synthetic motor oils. They also provide maintenance services for brakes, engines, and tires, aimed at helping customers maintain their vehicles effectively.
Economy Oil Change serves a diverse clientele, primarily individuals who value convenience and quality service, across several locations in Connecticut. Revenue generation for Economy Oil Change occurs through direct transactions with customers seeking automotive services, which include oil changes, car washes, and maintenance packages. Customers pay for these services at the point of sale, and the pricing is based on the specific services rendered. The company focuses on providing high-quality service in a timely manner, fostering customer satisfaction and encouraging repeat business.
Economy Oil Change aims to leverage the resources gained from its acquisition by FullSpeed Automotive to enhance its service offerings and expand its market presence. The company is planning to introduce new products related to automotive maintenance services in the near future, although specific details on release dates have not been disclosed. Moreover, they are exploring opportunities for expansion into additional geographic markets, specifically targeting regions beyond Connecticut. The acquisition deal finalized in December 2020 is expected to support these strategic initiatives and elevate the company’s operational capabilities.
Current Investors
FullSpeed Automotive
Primary Industry
Retail
Sub Industries
Automobile Repair
Website
www.economyoilchange.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Economy Oil Change - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Economy Oil Change | - |
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