The Leeds West Groups (LWG) has acquired the real estate of three of its four Connecticut Midas automotive service locations. This capital investment marks the 11th real estate transaction and the fifth state over the last 24 months for LWG.
“We are very excited about our East Coast Midas presence, as we continue each quarter to make investments into our Midas real estate portfolio, securing these automotive retail locations for the future,” said Judd Kyle Shader, CEO of LWG and a member of the board of directors. “Connecticut is a great market for LWG, and these three strategic sites in Norwalk, Danbury and Fairfield are in perfect alignment with LWG’s overall complete automotive growth vision and strategy.”
Greenwood Village, CO-based LWG acquires, owns and manages national automotive repair franchise brands (Midas, Big O Tires and Speedee Oil). It currently employs more than 950 people at over 100 automotive service shops operating across 17 states.