BIRMINGHAM, Alabama – Express Oil Change & Service Center, a Birmingham-based auto service chain with 195 locations in 12 states, has acquired Birmingham-based Tire Engineers, the companies announced.
The terms of the deal that married the two home-grown auto service chains were not disclosed. Tire Engineers, a third-generation, family-owned business, has seven locations.
Ricky Brooks, CEO of Express Oil Change, said the combination of an oil change chain and a tire business just made sense.
“The tire category is a great complement to our core oil change and mechanical business,” he said. “We also value the similar company culture of Tire Engineers.”
Fred Johnston, whose family founded Tire Engineers in Birmingham in 1948, said the deal will bring “strong value” to Tire Engineers’ customers.
“We’re excited to be part of the Express Oil Change family,” Johnston, who is Tire Engineers CEO, said in a prepared statement.
Brooks and Joe Watson bought Express Oil Change from founder Jim Lunceford in 1996, when they were franchisees and also worked at the Birmingham financial planning firm Nowlin & Associates.
To finance the 1996 acquisition, the men got the backing of Compass Bank co-founder Harry Brock, and then quickly grew the business.