Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform owned by Bloomfield Hills-based O2 Investment Partners, has completed the acquisitions of Accurate Auto & Tire Service and Wayne’s Automotive. Terms of the transactions were not disclosed.
Accurate Auto is a full-service auto repair facility that has been serving the Maple Grove, Minn., market for more than 25 years, and Wayne’s is a full-service auto repair facility that has been serving the Grand Rapids, Minn., market for more than 35 years.
The acquisitions are meant to further bolster the nearby operations of Straightaway member company, Victory Automotive Service.
“We’re very excited to welcome the teams at Accurate Auto and Wayne’s to the Straightaway family,” says Jeff Matt, division president at Straightway. “They have each earned loyal customer bases over their decades in operation, and we look forward to working together to uphold their reputations for great customer experience.”
“The addition of Accurate Auto and Wayne’s will further strengthen Straightaway’s already robust presence in Minnesota,” says Joe Vallee a partner at O2 commented. “Furthermore, the transactions highlight our commitment to support Straightaway’s continued expansion by leveraging platform-wide resources to drive localized growth.”
