M&A Deal Summary

Jiffy Lube Acquires Kerr Enterprises

On October 29, 2010, Jiffy Lube acquired automotive company Kerr Enterprises

Acquisition Highlights
  • This is Jiffy Lube’s 1st transaction in the Automotive sector.
  • This is Jiffy Lube’s 1st transaction in the United States.
  • This is Jiffy Lube’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2010-10-29
Target Kerr Enterprises
Sector Automotive
Buyer(s) Jiffy Lube
Deal Type Add-on Acquisition

Target

Kerr Enterprises

Alexandria, Louisiana, United States
Kerr Enterprises, Inc. is a provider of automotive maintenance services.

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Buyer(S) 1

Buyer

Jiffy Lube

Irving, Texas, United States
Category Company
Founded 1995
Sector Retail
DESCRIPTION

Jiffy Lube is an operator of quick lube retail service stores. Jiffy Lube operates approximately 523 quick-oil-change stores in major markets. Jiffy Lube was founded in 1995 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Automotive) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (Louisiana) 1 of 1
Country (United States) 1 of 5
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Texas Oil X Change

Arlington, Texas, United States

Texas Oil X Change, Inc. is an operator of quick lube service centers in North Texas. Texas Oil X Change provides oil change and vehicle maintenance services.

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