January 2024 – Flatirons Capital Advisors, a leading mergers and acquisitions advisor to privately held, middle-market companies, is pleased to announce the acquisition of Maple Grove Auto Service by Straightaway Tire & Auto. Straightaway Tire & Auto, a prominent independent automotive repair and service platform, has further strengthened its presence in Minnesota through this acquisition.
Maple Grove Auto Service, a well-established full-service auto repair facility serving the Maple Grove, Minnesota market for over forty years, is now part of the Straightaway family. The acquisition reinforces Straightaway’s robust position in Minnesota, with a focus on expanding its service offerings and customer reach.
Joe Vallee at O2 Investment Partners, the private equity group that owns Straightaway Tire & Auto, commented on the strategic significance of their latest acquisitions, stating, “These acquisitions mark another step in our strategy to dominate the Minnesota market and provide top-tier customer service at all Straightaway locations. Our member companies will continue to benefit from the robust platform infrastructure aimed at accelerating their growth plans through best-in-class M&A, recruiting, training, and procurement.”
About Straightaway Tire & Auto
Straightaway Tire & Auto, a portfolio company of O2 Investment Partners, has over 45 facilities across Colorado, Florida, Maine, Minnesota, New Hampshire, and Wisconsin, offering a comprehensive range of services. In addition to planned and preventive maintenance, Straightaway provides glass repair, tire sales, EV and hybrid vehicle service, and mechanical and electrical repair. The company is actively expanding its reach across the US and is pursuing partnerships with operators who are looking to accelerate growth.
About O2 Investment Partners
O2 Investment Partners, a private equity firm based in the Midwest, focuses on investing in lower middle market B2B services, technology, and select industrial companies. The company makes investments in companies that have room to grow their profits and a clear route to generating value for shareholders. To achieve this, close collaboration and mutual interest between management and shareholders are just as important as having a well-defined vision and strategy plan.
About Flatirons Capital Advisors
Flatirons Capital Advisors, LLC (www.flatironscap.com) is a Mergers and Acquisitions advisory firm that helps privately held companies sell their businesses and acquire other businesses. Our unique business model affords sell-side advisory clients the ability to improve their company’s performance, earnings, and effectiveness in the short-term, while simultaneously increasing their market value for a future sale. Flatirons has offices in Colorado, Florida, Illinois, and Texas.
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