Kian Capital-backed PARC Auto has announced that it is now the largest Meineke Car Care Center franchisee. This comes a little more than a year since the formation of the Kian platform. And as a result of its expansion, PARC Auto received the Growth Award at the annual Meineke Conference.
PARC Auto has grown from 15 shops to 35 shops through a combination of new store openings and acquisitions.
In addition to continuing operations in Louisville, KY, where the platform was established, PARC Auto now has shops in Florida, Indiana and Texas as well as the Portland, OR area.
“We’re excited to have added stores in Florida and Texas, two of the top four automotive markets in the U.S., and opened locations in Oregon, where we plan to soon pilot Meineke’s electric vehicle concept,” said PARC Auto CEO Don Hill. “Planting new flags in target markets across the nation has created significant momentum for the platform, and we look forward to further growth and change over the next year and beyond.”
Management plans to continue growing PARC Auto throughout the United States, focusing on building density in target markets.
“With an increasing amount of attention and investment in the sector, this is only the beginning for PARC Auto,” said Kian Principal Caldwell Zimmerman. “We will continue to focus on scaling the business and providing strategic support to the team in the months ahead.”
In related news, PARC Auto has added Russ Bowling as COO.
Bowling had been the vice president of operations for Premium Velocity Auto, a Jiffy Lube franchisee, where he managed the business operations of 187 shops. He began his career with Pro Oil Shop Inc./Havoline Xpress Lube.
“I am excited to be joining an established team of professionals that have created a significant amount of value in a short amount of time,” Bowling said. “I look forward to bringing my expertise to better optimize company operations as we continue ahead with our goal of furthering our leadership through strategic M&A and new store openings.”
