Wynnchurch Capital Exits Team Car Care

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, today announced the sale of Team Car Care, LLC (“TCC” or the “Company”) to Triple JJJ Lube, Corp.

Headquartered in Irving, Texas, TCC is a market leader in the quick oil change segment of the ​“Do-It-For-Me” (DIFM) automotive aftermarket. TCC has grown to be the largest operator and franchisee of the highly recognized Jiffy Lube brand, currently operating 458 locations across 23 states.

John Hatherly, Managing Partner at Wynnchurch, stated, “Team Car Care was a compelling turnaround opportunity. The company was drastically underperforming the rest of the Jiffy Lube network on most performance metrics prior to our investment. Under Wynnchurch’s ownership, the Company was transformed through significant investments in people and systems, expansion of service offering through the rollout of Jiffy Lube Multicare, and implementation of AI tools to drive operational improvement. The company’s operational and financial performance have improved significantly, leaving TCC positioned for continued growth.”

Erin Murphy, Partner at Wynnchurch, added, “Team Car Care is a premier platform in the DIFM automotive aftermarket. We appreciate the dedication of the TCC team as they led the significant transformation of the business, and we wish them continued success.”

“Wynnchurch has been a valuable partner, providing strategic support and resources that positioned Team Car Care for long-term success. As we enter this next chapter, we are excited about the future and look forward to further strengthening our leadership position in the DIFM automotive aftermarket,” stated Steve Werner, CEO of TCC.

Blank Rome provided legal advice to Wynnchurch in connection with the transaction.

About Team Car Care:

Headquartered in Irving, Texas, TCC is a market leader in the quick oil change segment of the ​“Do-It-For-Me” (“DIFM”) automotive aftermarket. The company operates 458 stores across 23 states. The company has grown to be the largest operator and franchisee of the highly recognized Jiffy Lube brand. For more information, please visit: https://www.jiffylube.com/franchise/team-car-care-east and https://www.jiffylube.com/franchise/team-car-care-west.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.

Wynnchurch manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Charter Industries, a leading provider of edgebanding and complementary products. Other recent investments include Astro Shapes, a leading manufacturer of custom aluminum extrusions; Principal Industries, a leading provider of LED components and engineered assemblies; and ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies. For more information, please visit: www.wynnchurch.com or follow us on LinkedIn.