FullSpeed Automotive

FullSpeed Automotive is a provider of automotive aftermarket repair services, operating through its leading brands to deliver essential maintenance and repair solutions for vehicle owners across the United States. FullSpeed Automotive specializes in automotive aftermarket repair services, operating flagship brands such as Grease Monkey®, SpeeDee Oil Change & Auto Service®, and Kwik Kar®. Founded in 1978 and headquartered in Greenwood Village, US, the company was acquired by MidOcean Partners in November 2020 from CenterOak Partners. The CEO of FullSpeed Automotive is Kevin Kormondy, and the founder is Bruno Alonso, who has a history of entrepreneurship in the automotive sector.

The company has completed a total of 2 deals with its most recent deal occurring on November 30, 2020. FullSpeed Automotive® offers a comprehensive suite of automotive aftermarket repair services through its flagship brands—Grease Monkey®, SpeeDee Oil Change & Auto Service®, and Kwik Kar®. The core services include oil changes, tune-ups, and various automotive repair solutions tailored to meet the needs of vehicle owners seeking reliable and efficient maintenance. By utilizing a robust support structure, these brands provide franchisees with operational systems designed to enhance service quality and customer satisfaction.

FullSpeed Automotive's services cater to a diverse clientele, including independent vehicle owners, corporate fleets, and individuals seeking prompt and professional car care. The company operates primarily in the United States, with expansion efforts targeting regions such as Colorado, Idaho, Nevada, and Utah, effectively broadening its market reach. FullSpeed Automotive generates revenue through a franchise model, where individual franchisees pay initial franchise fees and ongoing royalties based on their sales. Transactions typically involve service payments made directly by customers for oil change services and automotive repairs, with franchisees benefiting from established brand recognition.

The company’s flagship brands offer a variety of services, including the Grease Monkey® Pit Crew Certification program, which enhances service delivery and customer experience. Revenue is further augmented by the sale of proprietary products and parts used in service operations, creating a structured transaction flow between franchisees and suppliers. The pricing structure varies by location and service type, reflecting the competitive landscape of the automotive service industry while ensuring consistency in quality and customer care across the franchise network. FullSpeed Automotive is focused on expanding its service offerings and geographical presence.

The company aims to launch new product lines to complement its existing services, with details on specific launches to be announced in the future. The target for geographic expansion includes states such as Colorado, Idaho, Nevada, and Utah, with strategic timelines in place for establishing operations in these markets. The funding received during the acquisition by MidOcean Partners in November 2020 will be utilized to support these initiatives, enhancing franchisee support and operational efficiencies.