Quick oil change operator Lube Stop announced Monday the acquisition of The Grease Spot, another oil change chain with 13 locations in Illinois and Iowa. The transaction makes Lube Stop the 15th-largest chain in the United States, according to one industry publication.
A unit of private investment firm Argonne Capital Group, Cleveland-based Lube Stop had 37 shops in Northeastern Ohio before the acquisition, which made it the 18th-largest U.S. quick lube chain according to National Oil & Lube News 2015 Tops in the Industry Ranking. With 50 locations now, the chain moves into the 15th spot.
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