FastLap, LLC
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FastLap, LLC - overview
Established
2020
Location
Oklahoma City, OK, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
FastLap, LLC is a U. S. -based automotive repair company founded in 2020, dedicated to providing a wide range of automotive services tailored for both everyday drivers and high-performance vehicle owners. FastLap, LLC provides automotive repair services with a focus on engine diagnostics, brake service, and preventive maintenance.
Established in Oklahoma City, US in 2020, the company currently has one deal recorded, with its most recent deal occurring on December 1, 2022, when it was acquired by Dunes Point Capital. Specific information regarding the founder's history is not available. FastLap Auto Repair specializes in a comprehensive suite of automotive services designed to meet the needs of a diverse clientele, including everyday drivers and owners of high-performance vehicles. Their core offerings encompass engine diagnostics and repair, brake service and replacement, suspension and steering repairs, battery testing and replacement, as well as preventive maintenance and inspections.
FastLap utilizes advanced diagnostic tools and a structured process to identify and address the root causes of vehicle problems, ensuring optimal performance levels for their clientele. FastLap Auto Repair operates on a transaction-based revenue model driven by direct customer interactions for automotive services. Revenue is generated through individual service offerings, including specialized repairs and routine maintenance, catering to both B2C and B2B clients. Customers engage with the company on a per-transaction basis, where prices are determined according to the specific nature of the service provided.
The extensive range of offerings is aimed at fostering customer satisfaction and loyalty, thereby promoting repeat business and referrals within the community. Following its acquisition on December 1, 2022, by Dunes Point Capital, FastLap, LLC aims to accelerate its growth in the automotive repair sector. The company plans to expand its service capabilities and geographic market presence, although specific new products or regions targeted for expansion have yet to be disclosed. The rationale behind the acquisition indicates a strong focus on strategic initiatives designed to enhance growth.
Current Investors
Dunes Point Capital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Retail, Automobile Repair, Automobile Dealerships, Automobiles, Other Vehicles & Parts
Website
www.fastlapgroup.com/
Verticals
Artificial Intelligence, Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
FastLap, LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | FastLap, LLC | - |
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