Heartland Automotive (the “Company”) is the largest Jiffy Lube franchisee in the United States and was backed by a private equity sponsor. Franchisor-driven cost pressures combined with a highly leveraged capital structure strained liquidity.
Strategic alternatives were evaluated amid franchisor resistance to additional private equity ownership. Negotiations focused on maintaining system continuity while identifying an acceptable buyer.
The Company was sold to Wynchurch Capital following an agreement with the franchisor, stabilizing the largest franchisee in the system.
Note: This transaction was completed by Managing Director at prior firm.
