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Chicago & Midwest  + Greater Chicagoland  + Retail  |  March 8, 2018
Paul Bubny
By: Paul Bubny

Wynnchurch Completes Heartland Automotive Buy

Middle-market private equity firm Wynnchurch Capital LLC, headquartered in Rosemont, IL,  has reportedly completed the acquisition of Heartland Automotive Services, which will be renamed Team Car Care LLC. Heartland is one of the largest franchisees in the quick lube business, and is the nation’s largest operator of Jiffy Lube service centers, with approximately 523 locations across 26 states.

The acquisition was completed in partnership with Mid-Atlantic Lubes Inc., an existing Jiffy Lube franchisee. Terms were not disclosed. Wynnchurch invested from its $1.3-billion Fund IV.

“Heartland is a tremendous addition to our portfolio of service businesses,” said John Hatherly, co-managing partner at Wynnchurch. “We feel very fortunate to be partnering with Jiffy Lube International Inc. We are also excited to partner with Mid-Atlantic Lubes and its 10-year history of outstanding customer service delivery that will continue on with each of Heartland’s guests.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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