BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--O2 Investment Partners (www.o2investment.com) is pleased to announce that Straightaway Tire & Auto (www.gostraightaway.com), a leading independent, full-service aftermarket automotive repair and service platform, has completed the acquisitions of Maple Grove Auto Service and Warzecha Auto Works. Terms of the transactions were not disclosed.
Maple Grove is a full-service auto repair facility that has been serving the Maple Grove, MN market for over 4 decades, and Warzecha is a full-service auto repair facility that has been serving the Zimmerman, MN market for over 25 years. The acquisitions further bolster Straightaway’s already strong presence in Minnesota.
“As a former employee of Maple Grove during my early years in the industry, it is an honor to come full circle and be rejoined with the team here,” said Jeff Matt, Division President. “Both Maple Grove and Warzecha have exciting future growth prospects and we look forward to what we can accomplish together as part of Straightaway.”
Joe Vallee at O2 commented, “These acquisitions continue our progress toward capturing the Minnesota market and providing top-tier customer service to everyone who visits a Straightaway location. Member companies will continue to benefit from platform infrastructure designed to accelerate their growth plans through best-in-class M&A, recruiting, training, and procurement.”
About Straightaway Tire & Auto
Straightaway Tire & Auto is a leading independent, full-service aftermarket automotive repair and service platform with over 45 locations across Colorado, Florida, Maine, Minnesota, New Hampshire, and Wisconsin. Straightaway offers a comprehensive suite of services, including mechanical and electrical repair, preventative and scheduled maintenance, EV and hybrid vehicle service, glass repair, and tire sales. Straightaway is growing its footprint throughout the United States and is actively engaging in partnership discussions with operators looking to accelerate growth. Additional information is available at www.gostraightaway.com.
About O2 Investment Partners
O2 Investment Partners is a Midwestern based private equity firm that seeks to invest in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. Additional information is available at www.o2investment.com.
