Jiffy Lube Triple Net Investment Property Automotive California

Jiffy Lube International, Inc. (“Jiffy Lube”), with more than 2,200 franchised service centers in North America, serves approximately 20 million customers each year. Jiffy Lube pioneered the fast oil change industry in 1971 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. Today the company is headquartered in Houston, Texas and the company is an indirect subsidiary of Shell Oil Company. About the Franchisee: Wynnchurch Capital, LLC has recently announced today that it has completed the acquisition of Heartland Automotive Services, Inc. Heartland, which will be renamed Team Car Care, LLC, is one of the largest franchisees in the quick lube business and is the largest operator of Jiffy Lube service centers. The company operates 523 stores across 26 states.  The acquisition was completed in partnership with Mid-Atlantic Lubes, Inc., an existing Jiffy Lube franchisee. Heartland, headquartered in Irving, Texas, is the market leader in the quick oil change segment of the ​“Do-It-For-Me” (“DIFM”) automotive aftermarket. The company operates 523 stores across 26 states. The company has grown to be the largest operator and franchisee of the highly-recognizable Jiffy Lube brand.  Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and 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 Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.