Straightaway Tire & Auto: Revolutionizing the Automotive Service Industry with an Innovative Platform

The automotive service industry is constantly evolving, with new technologies and consumer demands shaping the landscape. In response to these changes, O2 Investment Partners has announced its partnership with All County Automotive, Auto Care Plus, EAS Tire & Auto, Victory Automotive Service, and Village Autoworks to form a new automotive service platform called Straightaway Tire & Auto. This exciting collaboration aims to support the companies' aggressive growth plans and establish Straightaway as a leading independent automotive service platform.

Straightaway Tire & Auto brings together five best-in-class companies, collectively operating 43 locations across several states including Colorado, Florida, Maine, Minnesota, New Hampshire, and Wisconsin. With a shared commitment to exceptional customer service, these companies offer a comprehensive suite of services that encompass mechanical and electrical repair, preventative and scheduled maintenance, EV and hybrid vehicle service, glass repair, and tire sales.

Brian Bates, the founder of EAS Tire & Auto, expressed his enthusiasm for the partnership, stating, "The partnership with O2 will allow us to share resources and technology, and truly turbocharge our plans for future growth." This sentiment is echoed by the entire leadership team, as they recognize the value that each member brings to the table and their shared vision for expansion.

O2 Investment Partners, known for its expertise in partnering with exceptional operators, is equally thrilled about the collaboration. Joe Vallee at O2 commented, "We believe the Straightaway platform is well positioned to capitalize on the industry's significant fragmentation." With their approach of partnering with best-in-class operators and empowering them to pursue localized mergers and acquisitions (M&A), O2 aims to make Straightaway the partner of choice for independent auto repair businesses across the country.

As part of the partnership, the leadership groups of each member company will maintain significant ownership in the platform. This ensures continuity in management and allows the companies to continue delivering the high-quality services they are known for. By combining their expertise and resources, Straightaway Tire & Auto can unlock new growth opportunities, provide enhanced services, and expand its footprint throughout the United States.

Straightaway Tire & Auto represents the third platform investment for O2's recent fund, O2 Investment Partners Fund IV. This demonstrates O2's commitment to supporting innovative businesses in the B2B services, technology, and industrial sectors, particularly those with strong earnings growth potential. O2 strives to build close partnerships with management teams, working together to create shareholder value and drive the business forward.

With its comprehensive suite of services and an extensive network of locations, Straightaway Tire & Auto is revolutionizing the automotive service industry. By combining the strengths of five exceptional companies, the platform offers customers a one-stop solution for all their automotive repair and maintenance needs. Whether it's mechanical and electrical repairs, scheduled maintenance, EV and hybrid vehicle service, glass repairs, or tire sales, Straightaway Tire & Auto is the go-to destination.

As Straightaway expands its footprint and engages in discussions with potential partners, it is poised to shape the future of the automotive service industry. With its commitment to exceptional service and dedication to growth, Straightaway is well on its way to becoming a dominant player in the market.

To learn more about Straightaway Tire & Auto and its services, visit their website at www.gostraightaway.com.

About O2 Investment Partners:

O2 Investment Partners is a Midwest-based private equity firm specializing in investing in lower middle market companies in the B2B services, technology, and select industrial sectors. With a focus on businesses with earnings growth potential, O2 partners with management teams to develop and grow the business. Through their strategic vision and alignment of interests with management, O2 creates value for shareholders. For more information, visit www.o2investment.com.