Take 5 oils6/18/2023 ![]() ![]() Trivest recruited Marc Graham, a talented automotive aftermarket industry veteran, to join the Company as CEO in 2013. Trivest was able to implement a number of value enhancing initiatives at Take 5. Under Trivest’s ownership, Take 5 nearly tripled its store count, sales and profitability. The Company was able to build density in its core Louisiana and Mississippi markets as well as enter seven additional states, demonstrating the broad appeal of Take 5’s brand and customer value proposition. Under Trivest’s ownership, Take 5 grew rapidly via a combination of same store sales growth, new store openings, store conversions, and two acquisitions, including a transformative acquisition of 16 locations in the Dallas market. Trivest’s investment thesis recognized the Company’s industry leading average revenue per location and strong profitability. ![]() Trivest Fund IV acquired Take 5 from the Company’s founder in November 2011. This customer-centric approach has resulted in daily car counts and repeat customer rates well in excess of industry averages. Take 5, headquartered in New Orleans, is the fastest growing quick lube chain in the country, focused exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements. The Company maintains a niche focus of providing superior speed and best-in-class service to customers. Take 5 represents the sixth exit event in Trivest Fund IV and is one of its most successful investments to date. (“Take 5” or the “Company”) to Roark Capital portfolio company Driven Brands, the nation’s leading franchise automotive company with more than 2,000 locations and $2.1 billion in system sales. (“Trivest”) today announced the sale of Take 5 Oil Change, Inc. MIAMI, FL – (March 30, 2016) Trivest Partners, L.P. ![]()
0 Comments
Leave a Reply. |