January 19, 2021

Sale

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised FullSpeed Automotive (FullSpeed), a portfolio company of CenterOak Partners LLC (CenterOak), on its sale to MidOcean Partners (MidOcean). FullSpeed is one of the largest franchisers and operators of automotive service centers, primarily under the Grease Monkey and SpeeDee brands. The transaction was led by Joe Conner, Frank Mountcastle, Jeff Burkett, Jonathan Meredith, Elliott Yousefian and Michael Meyer of the Harris Williams Transportation & Logistics (T&L) Group.

“FullSpeed’s highly capable leadership team, industry leading brands and first-rate customer service will all ensure continued success as the company begins the next chapter of its growth with MidOcean,” said Joe Conner, a managing director at Harris Williams. “We are grateful to have had the opportunity to work with the company and extend our outstanding track record of successful transactions in the automotive aftermarket.”

“It was a privilege to work with the teams at FullSpeed and CenterOak during this transaction. FullSpeed provides essential services to loyal clients throughout the country, and we are excited to see what the company accomplishes under its new ownership,” said Elliott Yousefian, a vice president at Harris Williams.

FullSpeed is a leading automotive aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes and other ancillary services through multiple brand formats that target several highly attractive segments of the service market. The company’s strategic geographic footprint of nearly 600 franchised and company owned locations provide density in high growth markets. FullSpeed supports two core brand platforms under the Grease Monkey and SpeeDee brands. FullSpeed is headquartered in Greenwood Village, Colorado.

CenterOak is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The firm specializes in three key industry sectors: industrial growth, consumer and business services. Based in Dallas, the investment and portfolio management team has a strong history of creating significant value through operational improvement. CenterOak and its partners have managed over $2.2 billion of equity capital commitments and have completed over 100 acquisitions, representing over $4.8 billion in transaction value.

MidOcean is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and 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 over $7.5 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs) and customized separately managed accounts as of September 30, 2020.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to

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  • The UK will ban the sale of new combustion-engine vehicles in 2030, a decade sooner than it originally planned. 
  • The move comes as part of a “green industrial revolution” plan that Prime Minister Boris Johnson laid out Wednesday. It’s part of a wider goal for the country to become carbon-neutral by 2050. 
  • The UK also plans to promote electric-vehicle adoption through a roughly $1.7 billion investment in charging stations. 
  • Visit Business Insider’s homepage for more stories.

The United Kingdom will ban the sale of new gas- and diesel-powered vehicles starting in 2030, 10 years earlier than it had initially planned, Prime Minister Boris Johnson announced in a press release Wednesday. 

It’s the second time Johnson has accelerated the timeline to phase out combustion-engine vehicle sales — in February, he moved up the deadline from 2040 to 2035. The new deadline comes as part of a new 10-point plan for a “green industrial revolution” that the UK hopes will help it meet its goal of becoming carbon-neutral by 2050.

“Although this year has taken a very different path to the one we expected, I haven’t lost sight of our ambitious plans to level up across the country,” Johnson said in a statement. 

Under the new plan, aimed at cutting down the country’s carbon footprint and ramping up its transition to electric vehicles, the UK will allow the sale of hybrids that can “drive a significant distance with no carbon coming out of the tailpipe” until 2035. 

Although EV sales are growing, electric cars only accounted for less than 7% of new vehicles bought in the UK in October, the Financial Times reported, citing the Society of Motor Manufacturers and Traders. 

To speed up adoption of battery-powered vehicles, the 10-point plan also includes a £1.3 billion (roughly $1.7 billion at current exchange rates) investment in new private and public charging stations, along with £582 million ($774 million) in grants to incentivize buyers of zero-emission and low-emission vehicles. 

The program also commits resources to public transportation, carbon capturing, and cleaner energy sources like wind and hydrogen. 

Read more: 11 hot electric-vehicle startups that will revolutionize the car industry, according to VCs

Many cities and countries around the globe have announced plans to crack down on combustion-engine cars in the near future.

California, which already has stringent emissions regulations, announced plans earlier this year to ban sales of new gas-powered cars by 2035, and France plans to do the same by 2040. Several cities including Paris and Mexico City aim to prohibit diesel vehicles from their city centers as soon as 2025. 

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STAMFORD — Police say a shooting on Sunday was motivated by an argument over a car sale.

Jeff Etienne, 24, of Anderson Street, was arraigned Thursday on charges of attempted murder, two counts of first-degree assault, threatening and possession of a firearm by a convicted felon. He is being held in lieu of a $1 million court appearance bond.

Etienne’s case was transferred to the Part A docket where the most serious cases in the Stamford-Norwalk Judicial District are handled.

According to the six-page arrest affidavit written by the lead investigator on the case, Sgt. Sean Boeger, a 33-year-old man showed up at Stamford hospital Sunday afternoon after being shot in the shoulder. The back of the man’s right hand had been grazed by a bullet as well.

The Red Volkswagen Jetta he drove to the hospital had numerous bullet holes in the body and a blown-out passenger window, the affidavit said.

Responding police saw another man, 23, walking on Broad Street. A bullet had grazed his forearm, which was bleeding, the affidavit said.

The older man told police he was arguing with Etienne earlier in the day because Etienne wanted to return a car to him. He said Etienne asked him where he was.

The main said Etienne told him, “I’m gonna pop you,” according to the affidavit.

The man said soon after he and the younger man were on High Street and watched as someone drove Etienne past their location, according to the affidavit.

Soon after, as he and the younger man drove down Fairfield Avenue, the man told police he watched as Etienne, who was ahead of him in a red two-door BMW, bailed out of the car and began shooting at him, according to the affidavit.

Police found 11 shell casings from a 9mm semiautomatic pistol at the reported scene. With the help of images captured on nearby cameras, including a doorbell camera on a nearby home, police were able to determine Etienne was the shooter, according to the affidavit.

The courthouse’s senior public defender Howard Ehring, who will represent Etienne, said he has not yet had a chance to study the warrant against his client. “We will begin to make the appropriate motions and go over the allegations against him and talk to Mr. Etienne,” Ehring said.

Eitenne was picked up on Monday when he appeared at court for an unrelated criminal offense.

According to the affidavit, Etienne was convicted of carrying a weapon in a motor vehicle in 2019 and was given a three-year suspended sentence with three years probation. That felony conviction makes it a crime for him to be in possession of a firearm.

No pleas have been made in the case.

[email protected]

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It was a pleasure to have Peter as a salesperson. He was honest and made the purchase very easy. My credit was in great shape, the process took less then hour and half and I was completely done. I didn’t know what I wanted, I just knew I needed to leave that day with something. He made the search easy and turns out the vehicle best suits my family and needs. It’s almost a year and I couldn’t be happier. I have not had any problems with my vehicle actually this was the best used car place I have every been to, and would differently return. Peter, your the best hope not to see you anytime soon. Because of you I’m maintains free. Thank you to all the AXIS staff

AutoCheck Vehicle History Summary

Accident Free Vehicle: No

Accident History: 2 Reported Accidents

Number of Previous Owners: 4 Reported Owners

Personal Use Only: No

Usage Type: Corporate Fleet Vehicle

History Provider: AutoCheck

Title Details: Clean Title

Salvage Vehicle: No

Frame Damage: No

Theft History: No

Lemon Status: No

Free History Report: No

Description: Used 2008 Chrysler Sebring Touring with Upgraded Engine, Tire Pressure Warning, Audio and cruise controls on steering wheel, Rear Bench Seats, Remote Start.
Engine: 4-cylinders
Transmission: Automatic
Drive Wheel Configuration: front wheel drive
24 Combined MPG (21 City/30 Highway)

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  • …...

    19296789

    Honda

    CR-V

    2010

    EX-L

    12599

    27745

    125820

    Phoenix-Gilbert

    Phoenix

    Arizona

    0

    []

    Phoenix

    4WD/AWD, Leather Seats, Sunroof(s), Front Seat Heaters, Auxiliary Audio Input, Cruise Control

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    83

    Coming soon

    True

    False


    2010 Honda
    CR-V EX-L


    $12,599*

    126K Miles



    CarMax Phoenix-Gilbert
    Coming soon


    Coming Soon

    19061411

    Toyota

    Matrix

    2010

    10998

    16550

    89384

    Phoenix-Gilbert

    Phoenix

    Arizona

    9/15/2020 9:02:57 AM

    0

    [“lowMilesPerYear”]

    Phoenix

    Full Roof Rack, Cruise Control, Auxiliary Audio Input, Overhead Airbags, Traction Control, Side Airbags

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    84

    In stock

    False

    True


    2010 Toyota
    Matrix


    $10,998*

    90K Miles



    CarMax Phoenix-Gilbert
    In stock


    New Arrival

    19061408

    Chevrolet

    Volt

    2011

    11998

    40280

    87211

    Phoenix-Gilbert

    Phoenix

    Arizona

    9/15/2020 9:02:57 AM

    0

    [“advancedFeatures”,”premiumAudio”]

    Phoenix

    Premium Package, Leather Seats, BOSE Sound System, Parking Sensors, Rear View Camera, Navigation System

    False

    True

    86

    In stock

    False

    True


    2011 Chevrolet
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    88K Miles



    CarMax Phoenix-Gilbert
    In stock


    New Arrival

    19448930

    Honda

    Accord

    2012

    EX-L

    15998

    29360

    87968

    Phoenix-Gilbert

    Phoenix

    Arizona

    9/15/2020 9:02:57 AM

    0

    []

    Phoenix

    Leather Seats, Sunroof(s), Rear View Camera, Navigation System, Front Seat Heaters, Cruise Control

    False

    True

    86

    In stock

    False

    True


    2012 Honda
    Accord EX-L


    $15,998*

    88K Miles



    CarMax Phoenix-Gilbert
    In stock


    New Arrival

    19272093

    Toyota

    Prius c

    2012

    Two

    12599

    19900

    78956

    Phoenix-Gilbert

    Phoenix

    Arizona

    9/9/2020 11:02:29 AM

    2

    [“singleOwner”,”newPairTires”,”fuelEfficient”]

    Phoenix

    Cruise Control, Auxiliary Audio Input, Rear Spoiler, Overhead Airbags, Traction Control, Side Airbags

    False

    False

    84

    In stock

    False

    True


    2012 Toyota
    Prius c Two


    $12,599*

    79K Miles



    CarMax Phoenix-Gilbert
    In stock

    18906136

    BMW

    328

    2011

    I

    11998

    33305

    79374

    Phoenix-Gilbert

    Phoenix

    Arizona

    7/22/2020 7:02:20 PM

    2

    [“newPairTires”,”lowMilesPerYear”,”advancedFeatures”]

    Phoenix

    Premium Package, Run Flat Tires, Leather Seats, Parking Sensors, Front Seat Heaters, Sunroof(s)

    False

    False

    84

    In stock

    False

    True


    2011 BMW
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    $11,998*

    80K Miles



    CarMax Phoenix-Gilbert
    In stock

    18906744

    Ford

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    2012

    SE

    9998

    17500

    96535

    Phoenix-Gilbert

    Phoenix

    Arizona

    9/15/2020 9:02:57 AM

    0

    [“fuelEfficient”]

    Phoenix

    Cruise Control, Auxiliary Audio Input, Rear Spoiler, Alloy Wheels, Overhead Airbags, Traction Control

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    84

    In stock

    False

    True


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    97K Miles



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    In stock


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    19297472

    Toyota

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    …...

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  • …...

    5 Star Dedicated Customer Service Team

    by Esther M from Scottsdale, Arizona

    December 3, 2018

    5 5 5 5 5
    4.7 (1235 reviews)

    Rick Theibaud, my Chevrolet service representative at Van Chevrolet Buick GMC has provided me with exemplary 5-STAR customer service in handling repairs of my Chevrolet 2018 Equinox AWD. From my first phone call to Rick Theibaud setting up a service appointment for a warranty covered issue, and with every interaction since, Rick has provided top-notch service. Knowledgeable, polite, patient with all the questions I asked, and responsive with follow-up calls and information, he always kept me informed so I didnt have to call him to find out what was going on.Rick set me up with a comparable loaner car to use as the part needed came from out of state. When the repair work was completed, Rick had my car washed, vacuum, and because it had to be driven some distance to ensure the repair was spot on, refueled and ready to go when I arrived.
    Since, Ive had my oil changed, tires rotated, and engine checked with Rick. And again, I received the best service a car dealership has ever delivered. As a female executive who has bought and leased her own cars for over 25 years, good service has not always been the case.
    Thank you Rick Theibaud and to the rest of the team – Steve, Blake, and Noah for all your dedication in making this a great car repair experience. As long as I live in Scottsdale, Arizona and own this car, you are my go to team! I highly recommend Van Chevrolet Buick GMC and especially the service team of Rick Theibaud, Steve, Blake, and Noah! Thank you!

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