Strickland Brothers 10 Minute Oil Change, part of the Accelerated Brands portfolio, has acquired 24 Snappy Lube shops across North Carolina. Financial terms of the transaction were not disclosed.
With the acquisition, Strickland Brothers has surpassed 200 quick lubes across 27 states. Management plans to convert all 24 locations to Strickland Brothers 10 Minute Oil Change later this year.
Accelerated Brands, headquartered in Winston-Salem, NC, is the parent company of to a variety of aftermarket brands in the quick-lube and car wash sectors. This includes Strickland Brothers, Trademark Car Wash, Quickshine Car Wash, Magic Express Wash & Lube, The Express Wash and Delta Car Wash Express. Accelerated Brands has more than 200 locations and over 1,750 employees.
Since partnering with the Princeton Equity Group in 2022, Accelerated Brands has executed a variety of major and minor acquisitions. The goal for 2023 is to expand its footprint to more than 300 U.S. locations by year’s end via acquisition and organic growth.