MidOcean Partners completed the acquisition of FullSpeed Automotive from CenterOak Partners.

MidOcean Partners, a premier middle-market private equity firm, completed the acquisition of FullSpeed Automotive, an independent American franchisor of automotive service centers, from CenterOak Partners, a private equity firm. Financial terms were not disclosed. “MidOcean has been evaluating the auto aftermarket services space for a number of years and is thrilled to partner with FullSpeed’s exceptional management team for the company’s next phase of growth. We believe FullSpeed will continue to experience strong growth from its existing locations with industry leading customer service and robust performance metrics. We also plan to support the company’s existing aggressive M&A strategy, as well as to drive franchise development in new and existing markets," Daniel Penn, MidOcean Managing Director.