Private equity firm Wynnchurch Capital acquired do-it-for-me oil change giant Heartland Automotive Services Inc. for $1.3 billion, the companies announced last week. The Chicago-based firm partnered with Jiffy Lube franchise Mid-Atlantic Lubes Inc. for the acquisition, but declined to comment on details of the partnership.
Heartland, headquarted in Irving, Texas, is the largest operator of Jiffy Lube service centers with over 520 locations across 26 states. The Irving, Texas-based company was formerly owned by Sun Capital Partners Inc., which acquired it in August of 2012.
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