Heartland Automotive Services, Inc., a portfolio company of Sun Capital Partners and the largest operator of Jiffy Lube service centers, has been acquired by Wynnchurch Capital, LLC. FocalPoint Partners, LLC served as financial advisor to the Company. Terms of the transaction were not disclosed.
The acquisition was completed in partnership with Mid-Atlantic Lubes, Inc., an existing Jiffy Lube franchisee, and Heartland will be renamed Team Car Care LLC.
John Hatherly, Co-Managing Partner at Wynnchurch said, "Heartland is a tremendous addition to our portfolio of service businesses. We feel very fortunate to be partnering with Jiffy Lube International, Inc. We are also excited to partner with Mid-Atlantic Lubes, Inc. and its 10-year history of outstanding customer service delivery that will continue on with each of Heartland's guests."
Erin Murphy, Managing Director at Wynnchurch stated, "We are excited to invest in Heartland and to build on the Company's leadership position in the quick-lube retail service market. The FocalPoint team did a great job managing a complex process and we appreciate their hard work, professionalism and dedication to getting this transaction closed."
Regarding the transaction, Duane Stullich, Managing Partner at FocalPoint, commented, "We are proud of the outcome we achieved for our clients. Heartland is a great company with a strong management team and we believe that they are positioned well for future success. This transaction represents another successful closing for FocalPoint's dedicated Consumer practice."