“This acquisition represents a powerful opportunity for LWG to significantly expand our presence in the United States in the franchise aftermarket automotive repair industry,” said Judd Kyle Shader, CEO, founder and a board member of LWG.
“As one of the premier automotive management companies, Leeds West Groups has clearly demonstrated its ability to apply its considerable resources and expertise to enter and lead in the franchise aftermarket automotive repair marketplace for many years to come.”
Founded in 1957, ASE is an employee-owned company headed up by Alan Mahrt, who will continue to oversee the business under Leeds West Groups as chief operating officer of the new division.
“We have worked closely with LWG in a strategic partnership over the last two years to make this acquisition a natural fit that will grow ASE for many years to come in resources and new locations, making this a seamless benefit for all,” Mr. Mahrt said.
The planned acquisition comprises all of ASE’s locations in Illinois, Iowa, Kansas, Missouri, Nebraska and Oklahoma, including real estate holdings, buildings, and equipment, making it the largest single acquisition by a franchisee in Midas history.