Take 5 Oil Change and Castrol announce strategic partnership
Castrol announced a long term strategic partnership with Driven Brands™ and Take 5 Oil Change®. The two companies will combine industry expertise and data-driven insights to continue accelerating Take 5 Oil Change’s aggressive expansion plans.
“The automotive aftermarket is changing at an ever-accelerating pace, and consumers demand more every day,” said David Bouet, president of Castrol USA and Canada. “Take 5 Oil Change is at the forefront of those changes in providing time-and convenience-starved consumers a quick and convenient service.”
Since opening their first location in Metairie, Louisiana in 1984, Take 5 Oil Change has grown rapidly to become one of the largest quick lube chains in the U.S. with more than 500 shops across 18 states and Canada. Take 5 Oil Change is owned by Driven Brands, the leading franchisor of automotive aftermarket services in North America with more than 2,800 locations, including brands such as CARSTAR®, Meineke®, Maaco®, ABRA®, and 1-800-Radiator®.
An affiliate of Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, acquired Driven Brands from Harvest Partners, LP in 2015. The following year, Driven Brands Louisiana‐based Take 5 Oil Change. With this acquisition, Driven Brands continued to expand its Quick Lube division.
“Castrol has been a long-standing partner of Take 5 Oil Change and Driven Brands,” said Jonathan Fitzpatrick, CEO of Driven Brands. “As we continue to drive our Take 5 Oil Change network and grow our customer base, we seek to strategically partner with innovative companies such as Castrol that provide not only top brands to our customers, but incredible service and value to our franchisees.”
Integrating training, service and marketing efforts, the two companies will partner to ensure continued growth for both company-owned and franchise Take 5 Oil Change locations.
Castrol, the lubricant brand of BP, is a global leader in lubricant technology, serving customers and consumers in more than 140 countries in the automotive, marine, industrial and energy production sectors.
Take 5 has more than 500 company-owned and franchised service centers throughout the United States and Canada. For more information, visit www.take5oilchange.com.
Driven Brands™, headquartered in Charlotte, North Carolina, is the parent company of North America’s leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers®; Paint & Collision, housing Maaco®, CARSTAR®, and ABRA®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Take 5 Oil Change®. Driven Brands has more than 2,800 centers across North America, and combined; all businesses generate more than USD2.8 billion in system sales and service approximately 8 million vehicles annually.
