Grease Monkey International is considered one of the nation’s largest independent franchisors of automotive fast lube centers, with more than 220 centers the U.S. and 80 more in China and Latin America.
Grease Monkey President & CEO John B. Adams — a former TBC executive — said his company’s team is “eager to begin working with franchisees to leverage current relationships, further establish the brand in existing markets and expand horizons in areas yet to be explored.”
Mr. Adams worked with TBC for 12 years as head of the Big O Tires franchise business. In all, he was with Big O for 24 years, including 12 before TBC acquired it in 1996.
Erik R. Olsen, TBC chairman, CEO and president, said the deal “provides outstanding opportunities for all parties involved. TBC was able to monetize an asset and will now reinvest in our core franchise, wholesale and retail businesses.