AUTOMOTIVE RETAIL SERVICES
JANAS and its professionals have served a wide variety of Automotive Retail Service Industry companies. Generally they have provided Merger & Acquisition, Corporate Finance, and Management Consulting services. Furthermore a JANAS client received the highest EBITDA multiple of any Petroleum Distributor when the transaction closed.
The Car Wash Industry segment is in the early stages of consolidation. Our professionals have prepared a White Paper on Car Washes that is available on request. Therefore, JANAS is interfacing with both the leading Automotive Retail Service companies and smaller multi-unit owners as a leader in the consolidation.
Focus on specific segments of the Automotive Retail Services Industry has placed JANAS at the center of Industry consolidations. CHEVRON CORPORATION invited JANAS professionals to speak at a Distributors Convention. Major Oil Companies were seeking the consolidation of distributors, an effort in which JANAS served many client companies. The Petroleum Distribution Industry is well understood by JANAS.
In addition JANAS serves Quick Lube owners in their efforts to sell their operations or expand through acquisitions. Many companies in the Industry have been acquired and combined; however, the Industry continues to have opportunities.
AUTOMOTIVE COLLISION REPAIR companies vary from one-shop to large, multi-location conglomerates. Members of the JANAS TEAM have served owners of both large and small players in this industry segment. Moreover, a JANAS Managing Director was a member of the team that sold CALIBER COLLISION. View more Transactions here.
After a referral from a prior client, JANAS was engaged to sell A. FANTICOLA COMPANIES, INC., the third largest Jiffy Lube franchisee. Fanticola had undertaken to sell itself and received a ‘Best and Final Offer’ of $38 million for both operations and owned real estate. The offer was from a Private Equity Group to add to its portfolio company, HEARTLAND AUTOMOTIVE SERVICE, INC. Specifically, JANAS achieved a price of $62 million for operations and Fanticola retained real estate with a $30 million value. Furthermore JANAS also negotiated a $3 million reduction on a $3.5 million prepayment penalty owed by Fanticola that was paid-in-full at closing.
JANAS contracted to sell Econo Lube N’ Tune. Specifically, JANAS consulted with the company as it faced challenges and sold the company for a higher-than-anticipated price to Meineke Car Center, a portfolio company of a Private /equity Group.
For Bartlett Petroleum, JANAS consulted with the owner of Leon H. Bartlett, Inc. a distributor of Fuels, Lubricants and Operator of Cardlocks. The company was in Chapter 11 bankruptcy. Straightaway, JANAS provided financial operating information to the buyer, negotiated sale of operations from bankruptcy, and separately sold company real estate.
For KSI, JANAS was engaged by Kenny Strickland, Inc. during the Great Recession. The company was unprofitable and its bank had called its loan. Thus, JANAS Consulting, Inc. worked with the owner to restore profitability and address environmental concerns. After 57 months of consulting and sale, the company sold for more than here times the original expectation of the owner.
Testimonials may not be representative of the experience of other clients.
A testimonial is no guarantee of future performance or success.
JANAS negotiated a significant discount on a loan prepayment penalty that was paid-in-full at the closing of sale of my companies that owned and operated a 91-unit Jiffy Lube franchise. I paid a bonus for a job well done.
Paul Richey, a JANAS Managing Director sold our Car Washes and Quick Lubes to Great Lakes Quick Lube LP, a strategic buyer. Paul, as our Investment Banker, convinced a Major Franchisor to allow this multi-unit operation to exit the Franchise Agreement which required that a sale be to another operator with the same franchise.