Wynnchurch Capital Acquires Heartland Automotive

ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has
completed the acquisition of Heartland Automotive Services, Inc.
("Heartland" or the "Company"). Heartland, which will be renamed Team
Car Care, LLC, is one of the largest franchisees in the quick lube
business and is the largest operator of Jiffy Lube service centers with
approximately 523 locations. The acquisition was completed in
partnership with Mid-Atlantic Lubes, Inc., an existing Jiffy Lube
franchisee.

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

Erin Murphy, Managing Director at Wynnchurch added, "We are excited to
invest in Heartland and to build on the Company's leadership position in
the quick-lube retail service market. We believe that Heartland’s focus
on providing customers with industry leading quality, availability and
service, combined with the experience and leadership of Mid-Atlantic
Lubes, Inc., positions Heartland to be a strong platform for growth."

Wynnchurch Capital is actively investing from its $1.3 billion Fund IV.
In November 2017, Wynnchurch acquired America II, a global leader in
electronic component distribution and supply chain services serving a
broad array of products for use in higher value-add applications across
diversified end-markets. Other recent Wynnchurch investments include
Stampede Meat, a processor and distributor of portioned, marinated and
cooked beef, chicken, and other protein products for restaurants,
retail, home delivery and other channels; and Rosboro Company, LLC, a
leading integrated forest products operation producing a wide variety of
products including laminated beams, studs, and veneer.

About Heartland:

Heartland, headquartered in Irving, Texas, is the market leader in the
quick oil change segment of the “Do-It-For-Me” (“DIFM”) automotive
aftermarket. The company operates 523 stores across 26 states. The
company has grown to be the largest operator and franchisee of the
highly-recognizable Jiffy Lube brand. For more information, please
visit: http://www.heartland.jiffylube.com.

About Wynnchurch Capital:

Wynnchurch Capital, LLC, headquartered in the Chicago suburb of
Rosemont, Illinois, with offices in California and Canada, was founded
in 1999, and is a leading middle-market private equity investment firm.
Wynnchurch's strategy is to partner with middle market companies in the
United States and Canada that possess the potential for substantial
growth and profit improvement. Wynnchurch Capital manages a number of
private equity funds with $2.2 billion of committed capital under
management and specializes in recapitalizations, growth capital,
management buyouts, corporate carve-outs and restructurings. For more
information, please visit: www.wynnchurch.com.

Contacts

Wynnchurch Capital, LLC
John Hatherly
Managing Partner
[email protected]
847-604-6102
or
Erin
Murphy
Managing Director
[email protected]
847-604-6148