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FullSpeed Automotive Appoints Rob Lynch as Chief Executive Officer

·3 min read

GREENWOOD VILLAGE, Colo., July 12, 2022--(BUSINESS WIRE)--FullSpeed Automotive ("FullSpeed"), one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey®, SpeeDee Oil Change & Auto Service® and Kwik Kar®, announced today that Rob Lynch has been appointed Chief Executive Officer of the company and will serve as a member of the company’s board of directors effective immediately. An accomplished executive with best-in-class capabilities and over 30 years of experience, Lynch’s appointment will drive FullSpeed through its next phase of accelerated growth and further solidify its position as an industry leader.

"We are thrilled to bring Rob to FullSpeed," said Daniel Penn, Managing Director at MidOcean. "Rob is an incredibly experienced and highly talented executive with a proven track record of strategic management and leadership combined with deep operational expertise. His deep breadth of experience as a strategic change leader will bring tremendous value to the FullSpeed team from day one and help lead us through the next chapter of growth."

Lynch is an accomplished omni-channel retail executive, whose career has spanned leadership positions with Wal-Mart, Home Depot, Accenture Retail Strategy Consulting, Orchard Supply, Lumber Liquidators, and Channel Control Merchants. Rob has deep functional experience in a diverse set of skills, including strategy, store and field operations, supply chain, leadership development and culture. Lynch was most recently the President/CEO and Director at KKR-Backed Channel Control Merchants, where he led a significant growth in profitability across the company’s expansive operations. Prior to Channel Control Merchants, Rob was President/CEO of Lumber Liquidators where he transformed the business into a high-growth and high-performance retailer. Rob also served on the Board of Directors for Dorman Products, Inc., a leading automotive aftermarket parts manufacturer. He is an MBA graduate of Dartmouth College and has his Bachelor of Science, Magna Cum Laude, from Brigham Young University.

"FullSpeed is a premier operator and franchisor in the automotive services industry that is making tremendous progress on its transformative expansion strategy," said Rob. "I am excited to join such a successful and rapidly growing organization and look forward to working with the Company’s approximately 2,200 associates and 200 franchisees to continue to build upon the company’s development milestones."

The FullSpeed family of brands has over 70 years of experience in providing quality car care in the industry. Since being acquired by MidOcean Partners in 2020, its growth and acquisition strategy has resulted in the completion of over 30 separate acquisitions covering 110 locations, and now has over 740 franchised and company-owned locations.

About FullSpeed Automotive

FullSpeed Automotive® is among the nation’s largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey®, SpeeDee Oil Change & Auto Service® and Kwik Kar®. FullSpeed Brands offers oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through multiple brand formats that target several desirable segments of the service market. The company’s strategic geographic footprint of 740 -plus franchised and company-owned locations provide density in high growth markets. In 2022, both Grease Monkey and SpeeDee were included in Entrepreneur’s prestigious Franchise 500 ranking. FullSpeed is headquartered in Greenwood Village, Colorado. For more information, go to www.fullspeedautomotive.com.

About MidOcean Partners

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005865/en/

Contacts

MidOcean Investor Relations
Allison Donohue
Investorrelations@midoceanpartners.com