Largest Grease Monkey Franchisee Group Adds to Portfolio with
Seven Locations
GREENWOOD VILLAGE, Colo., April 29,
2024 /PRNewswire/ -- Grease Monkey®,
automotive aftermarket repair facility and flagship brand of
FullSpeed Automotive®, is excited to announce a signed
agreement that transitions ownership of seven stores in
Arizona and Colorado.
Behind the signed agreement is Oilex Operating, LLC, spearheaded
by President, Ron Morrow, Jr. Morrow
has decades of experience with Grease Monkey, as his father was
once the largest franchisee of the brand. After selling his stores
to corporate, Morrow continued working under the brand as Vice
President of Retail Operations. In 2021, he ventured out to follow
his father's legacy and bought his own location in Fort Collins, Colorado. In June of 2023,
Morrow, along with others, furthered their investment in Grease
Monkey, becoming the brand's largest franchisee group. With the
recently signed agreement, Oilex Operating, LLC now owns 23 Grease
Monkey locations.
"I've grown up around the Grease Monkey business and have been
presented the opportunity to both continue what my father started
years ago and help build the brand that our family holds a steep
belief in," said Ron Morrow, Jr.
"The quick lube industry is consistently growing at a rapid pace.
Oilex Operating, LLC is thrilled to be a part of Grease Monkey and
participate in the progressive growth."
With no plans of slowing down any time soon, Oilex Operating,
LLC has targeted Colorado,
Arizona, and Utah as ideal states for expansion.
With the auto care industry expected to grow nearly 25% and
reach $477.6 billion by 2024,
according to the Auto Care Association's most recent research
study, FullSpeed Automotive is looking to bring on qualified and
engaged individuals seeking single, multi-unit, and conversion
opportunities. When franchisees invest with FullSpeed Automotive
brands, they're investing in an organization with a strong culture,
solid systems, and proven business models backed with a combined
80+ years of experience in providing quality car care in the
industry.
For more information on Grease Monkey, SpeeDee Oil Change &
Auto Service, or Kwik Kar, visit
fullspeedautomotive.com or call 800-364-0352.
About FullSpeed Automotive®
FullSpeed Automotive is among the nation's largest franchisors
and operators of automotive aftermarket repair facilities and home
to flagship brands Grease Monkey, SpeeDee Oil Change & Auto
Service, and Kwik Kar. FullSpeed
brands offer oil changes, tire sales and rotations, brake services,
car washes, and other ancillary services through multiple brand
formats that target several desirable segments of the service
market. The company's strategic geographic footprint of 900-plus
franchised and company-owned locations provides density in high
growth markets. In 2024, Grease Monkey was included in
Entrepreneur's prestigious Franchise 500 ranking; SpeeDee was
Entrepreneur Verified. FullSpeed is headquartered in Greenwood Village, CO. For more information,
go to www.fullspeedautomotive.com.
About Grease Monkey®
Founded in 1978 and part of the FullSpeed Automotive family of
brands, Grease Monkey has more than 45 years of expertise in oil
changes and automotive maintenance. There are more than 500 Grease
Monkey auto centers in the United
States, China, Colombia, Mexico, and Saudi
Arabia. In 2024, Grease Monkey was included in
Entrepreneur's prestigious Franchise 500 ranking for the eighth
consecutive year, and ranked #69 on Entrepreneur's First-Ever List
of Top Franchise Brands for Multi-Unit. Grease Monkey is also proud
to have received the VetFran 5‐Star rating demonstrating its
extraordinary commitment to "provide access and opportunities in
franchising to our Nation's Veterans and their Spouses." For more
information, go to www.greasemonkeyfranchise.com.
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SOURCE FullSpeed Automotive