MFA Oil Co. has sold its eight Jiffy Lube quick-service oil change stores in mid-Missouri to Allied Lube Group. Financial terms were not disclosed.
The deal includes four locations in Columbia, Mo., two in Jefferson City, Mo., one in Fulton, Mo., and one in Sedalia, Mo.
MFA Oil has owned and operated its Jiffy Lube franchise through its subsidiary MFA Petroleum Company since 1990.
“Our Jiffy Lube franchise has long served as a valuable contributor within MFA Oil, but we have been operating two different automotive service brands and this transaction will allow us to focus our attention and resources on our Big O Tires stores where we see great opportunity for growth,” says Ed Harper, MFA Oil’s vice president of retail automotive.
Allied Lube Group, which currently operates more than 100 Jiffy Lube locations throughout Texas and Iowa, is one of the nation’s leading Jiffy Lube franchisees.
“The acquisition of eight Jiffy Lube service centers in Missouri supports our strategic growth plans, and allows us the opportunity to provide quick, convenient service that consumers need to maintain their vehicles,” says Richard Paek, CEO of Allied Lube Group. “We look forward to serving Missourians in the communities where they live and work.”