Business View Magazine | April/May 2022

96 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 4 T he automotive space is set for significant change in the coming years, with electric vehicles (EVs) and autonomous cars expected to transform the sector. One company that has the longevity and experience needed to cope with these changes is FullSpeed Automotive®, a family of eight brands that has been providing quality car care internationally for over 70 years. Two of those brands, SpeeDee Oil Change & Auto Service® and Grease Monkey®, represent the company’s main sources of income. “FullSpeed Automotive’s current strategy for growth is two- pronged,” says Ronald Stilwell, the company’s Chief Development Officer. “First, it focuses on franchise growth for both the SpeeDee and Grease Monkey brands and, second, looks at growing and managing company-owned units for both brands.” The company’s growth has also been fueled by a spate of acquisitions. Last year, FullSpeed Automotive completed 26 acquisitions, totaling more than 67 units. In acquiring these small aftermarket auto service centers and converting them either to SpeeDee or Grease Monkey, 2021 added up to a great year for the firm. “We recently opened up our 700th store,” Stilwell reports. “And this year, our goal is to acquire another 150 units and grow 50- plus franchise units. In total, we’re hoping to add over 200 units – getting us close to the 1,000-mark.” Across the main company, FullSpeed Automotive now has more than 2,000 employees, with the brand placing a great deal of importance on how they are all treated. Throughout all its AT A GLANCE FULLSPEED AUTOMOTIVE WHAT: A leading automotive aftermarket services platform WHERE: Headquarters in Denver, Colorado WEBSITE: www.fullspeedautomotive.com motive Driving the future of car care