SpeeDee

BB&T Capital Markets Serves As Exclusive Financial Advisor to TBC Corporation in Its Sale of SpeeDee Oil Change & Auto Service to Grease Monkey International

Transaction summary

On January 31, 2017, SpeeDee Oil Change & Auto Service (“SpeeDee”), a subsidiary of TBC Corporation (“TBC”), was acquired by Grease Monkey International. BB&T Capital Markets served as exclusive financial advisor to TBC Corporation / SpeeDee.

About the companies

SpeeDee Oil Change & Auto Service

SpeeDee Oil Change & Auto Service is a franchise-based full-service automotive care company with more than 100 shops across the United States in the Gulf Coast, Texas, Mid-Atlantic, California, and New England regions.

Learn moreabout SpeeDee Oil Change & Auto Service (opens in a new tab)

TBC Corporation

TBC Corporation is one of North America’s largest marketers of automotive replacement tires. TBC serves wholesale customers in the United States, Canada, and Mexico through TBC Brands, Carroll Tire Company, TBC International, and TBC de Mexico. Additionally, TBC responds to the needs of consumers in search of total car care at more than 3,200 franchised and company-operated tire and automotive service centers under the brands Tire Kingdom Service Centers, Merchant's Tire & Auto Service Centers, NTB Tire & Service Centers, Big O Tires, and Midas.

Learn moreabout TBC Corporation (opens in a new tab)

Grease Monkey International

Grease Monkey International, LLC is one of the largest automotive maintenance chains not owned by a major oil company, with more than 300 centers located in the United States, China, and Latin America.

Learn moreabout Grease Monkey International (opens in a new tab)

Automotive Aftermarket

Our focus and expertise across the entire aftermarket channel is a clear differentiator from other firms and enables us to identify opportunities and trends first.

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