LWG HITS STORE NUMBER 100!

Announcement for Release on: October 16th, 2018

GREENWOOD VILLAGE, CO – Leeds West Groups (LWG) is proud to announce the acquisition of its newest aftermarket automotive repair location and retail store in Aurora, CO, and has assumed operations effective on Monday, October 15th, 2018.

This is LWG’s 100th automotive location Nationally, and 30th location in the State of Colorado.

“All store openings are exciting, but obviously this location has a very special meaning, and is a special milestone for the company. I could not be more thrilled to announce LWG’s 100th automotive location, and I could not be more ecstatic with LWG’s automotive growth pattern over the last 106 months and our growth objectives over the next 100 months.”

– Judd Kyle Shader, Chief Executive Officer/Board Member

 

“We are thrilled with our current growth trajectory and strategy. Our growth over the last 9 years shows our level of commitment to the industry and our chosen brands.”

– Joshua Weinreich, Chairman of the Board

LWG was founded in 2009 by CEO Judd Shader and headquartered in Greenwood Village, CO. LWG is a management platform that is capitalized by PE and Family Office funds that acquires, owns, and manages National Automotive Repair Franchise brands across the Continental United States including a National real-estate portfolio and other National investment opportunities. LWG employs over 850 team-members with now over 100 automotive retail locations, operating in 16 states across the Continental US.

 

For more information, contact LWG Senior Marketing Manager: Hanna Jerde at Hanna.Jerde@LeedsWest.com or (720) 473 – 6676.

LWG has Named Industry Veteran Peter J. Derschang, CPA, MBA as Chief Financial Officer & Advisory Board of Directors Member

Announcement for Release on: September 14th, 2018

GREENWOOD VILLAGE, CO – Leeds West Groups (LWG) has announced Peter J. Derschang, CPA, MBA as Chief Financial Officer (CFO) and Advisory Board of Directors Member of LWG on September 10th, 2018.

Mr. Derschang has over 30 years of industry senior financial management experience. Prior to joining LWG, Mr. Derschang was the Chief Financial Officer at Full Speed Automotive (Grease Monkey International, Speedee Oil, Havoline Express Lube, and Lube Pros) 2018, Brakes Plus, LLC a Division of Mavis/STS and Tire Engineers from 2011-2017. Prior to shifting into the aftermarket automotive sector, Mr. Derschang was the CFO at The Cable Center in Denver, CO, Vice President of Finance at First Data Corporation, and public accounting at Yale & Seffinger, P.C.

Mr. Derschang is a Certified Public Accountant (CPA) and is a member of both the AICPA and the Colorado Society of CPA’s. Mr. Derschang is additionally on the School of Accountancy Advisory Board at the University of Denver, and has taught various accounting courses at the Daniels College of Business since 2006 as an Adjunct Professor. Mr. Derschang has been a CFO at various national non-profits organization and is a graduate of the University of Denver, Daniels College of Business with both his Bachelor’s degree in Accounting (’82) and his MBA (’92).

 

“Peter is a fantastic addition to our Senior Leadership team and an incredible resource to the Board of Directors. His industry knowledge, leadership experience and financial expertise will be tremendous resources for LWG, his team-members, our Board of Directors, and myself over the LWG financial infrastructure into our next chapters. I am honored to welcome Peter and his family to the LWG team.”

 

– Judd K. Shader, LWG Chief Executive Officer & Board of Directors

 

About Leeds West Groups

Leeds West Groups (LWG) was founded in 2009 and headquartered in Greenwood Village, CO. LWG is a management platform that is capitalized by PE and Family Office funds that acquires, owns, and manages National Automotive Repair Franchise brands across the Continental United States including a National real-estate portfolio and National investment opportunities. LWG employs over 850 team-members with over 99 automotive retail locations, operating in 16 states across the Continental United States.

 

For more information, contact LWG Senior Marketing Manager: Hanna Jerde at Hanna.Jerde@LeedsWest.com or (720) 473 – 6676.

 

 

LWG and Neibur Development Enter Into Agreement for Re-Development Project “4200 Penn” in Kansas City, MO

Announcement for Release on: August 27th, 2018

GREENWOOD VILLAGE, CO –  Leeds West Groups (LWG) has finalized a 50 – 50 Joint Venture Re-development Deal with Neibur Development that is based out of Colorado Springs, CO, with 100% of the project already leased to Nationally recognized design and Architect Firm Gould Evans that is based out of Kansas City, MO. Gould Evans will re-locate their corporate HQ to occupy the entire project.

4200 Pennsylvania Avenue, Kansas City, MO 64111

The project will be a substantial renovation with approximately 25,000 square feet of historic office space on two floors with 68 parking spaces. The location of the project is in the highly desirable area of Historic Westport in Kansas City, MO near St. Luke’s Hospital and Country Club Plaza.

About Leeds West Groups

Leeds West Groups is an investment and management platform that is capitalized by PE and Family Office funds that acquires, owns, and manages National Automotive Repair Franchise brands across the Continental United States including a National Real Estate portfolio.

About Neibur Development

Neibur Development founded by Joe Neibur is a Colorado Springs, CO based commercial development firm with a national presence. Since being founded in 1986, Niebur Development has completed a portfolio of successful projects across all real-estate asset classes including medical office, multi-family, industrial, retail, single-family and golf assets.

About Gould Evans

Gould Evans is a nationally recognized Architecture firm based in Kansas City, MO with a diverse National project portfolio. Their portfolio includes work that encompasses education buildings, civic spaces, cultural institutions, athletics facilities, workplaces, wineries, residences, environmental branding and urban planning.

For more information, contact LWG Senior Marketing Manager: Hanna Jerde at Hanna.Jerde@LeedsWest.com or (720) 473 – 6676.

LWG ADDS STORE NUMBER 99 – APPLETON, WI MIDAS

Announcement for Release on: August 27th, 2018

Leeds West Groups (LWG) is proud to announce the acquisition of its newest automotive repair shop location in Appleton, WI, and will assume operations effective on Monday September 10th, 2018.

This will be LWG’s 4th Midas location in the State of Wisconsin and 99th automotive location Nationally.

This new location will be under the management of District Manager Dustin Pokorny out of the LWG Milwaukee, WI Midas region and under the Leeds West store management umbrella of Leeds West Division Chief Operating Officer Jeffrey Genuario. This location will offer the full brand of Midas services.

“We are thrilled to be adding another Midas location in the State of Wisconsin. Not only in the realm of growth as a team, but in continuing to create synergy with our existing locations in the Wisconsin area now with our 4th location in the state. We look forward to serving the Appleton community for many years to come, and continuing our growth projections within Wisconsin.”

– Judd Kyle Shader, Chief Executive Officer/Board Member

 

For more information, contact LWG Senior Marketing Manager: Hanna Jerde at Hanna.Jerde@LeedsWest.com or (720) 473 – 6676.

LWG Chairman of the Board Joshua Weinreich Appointed to Board of Directors for E*TRADE Financial

FOR IMMEDIATE RELEASE: August 10th, 2018  

GREENWOOD VILLAGE, CO – Leeds West Groups (LWG) Chairman of The Board Joshua Weinreich was announced by E*TRADE Financial on August 8, 2018 to their company’s Board of Directors.

[Source: E*TRADE Financial Corporation] NEW YORK (BUSINESS WIRE) – August 8, 2018 – E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that Joshua Weinreich has been appointed to the Company’s Board of Directors and its Compensation and Governance Committees. Mr. Weinreich has also been appointed to the E*TRADE Bank board.

Leeds West Groups Chairman of the Board, Joshua A. Weinreich

A career financial services executive, Mr. Weinreich previously served in a number of senior roles at Deutsche Bank, including Global Head of Hedge Funds and Chief Executive Officer of Deutsche Asset Management Americas. Prior to these roles, Mr. Weinreich held several senior positions at Bankers Trust, including Chief Investment Officer and Co-Head of Bankers Trust Private Bank.

Mr. Weinreich holds a BA in Economics from Cornell University and an MBA in Finance from the Wharton School at the University of Pennsylvania. He currently serves as an independent director for Skybridge Multi-Adviser Hedge Fund Portfolios LLC and as Chairman of the Board for Leeds West Investment Group. He is also the current Chairman of the Community FoodBank of New Jersey board, Trustee and Chief Investment Officer of the Overlook Foundation, and a member of the Summit, New Jersey Board of Education. Mr. Weinreich previously served on the Board of Directors of Alliance Bernstein, as a member of the Newark Academy Board of Trustees, and as a member of the Cornell University Endowment Hedge Fund Subcommittee.

“Josh is a fantastic addition to our Board. His high energy is a natural complement and a great fit. His leadership experience, broad industry knowledge, and financial services expertise will be tremendous resources for our firm, and will serve our Company, our customers, and our shareholders well.”

– Rodger Lawson, Executive Chairman of E*TRADE Financial Corporation

Mr. Weinreich is joining the Company’s Board following the unexpected passing of Frederick Kanner, and was selected as part of the Board’s ongoing director succession planning process.

About E*TRADE Financial

E*TRADE Financial and its subsidiaries provide financial services including online brokerage and banking products and services to retail customers.

LWG Makes First Capital Investment into ASE – 180 Days After Acquisition

Announcement for Release on: July 31st, 2018

Leeds West Groups (LWG) is proud to announce their first long-term secured capital investment into Auto Service Experts (ASE), a 42 store Midas Auto Service chain founded in 1957. LWG’s first capital investment comes exactly 180 days after LWG’s purchase of ASE on January 2nd, 2018.

ASE a Division of LWG has officially acquired the real estate of ASE’s three Wichita, KS Midas locations into the ASE portfolio, on Tuesday July 31st, 2018.

 

“I am very excited to announce the first capital investment into the ASE portfolio and the ASE family. Coming only 180 days after the acquisition, this investment secures the ASE Wichita, KS Midas locations for the long-term future for the ASE family. It also reflects our commitment to securing the future of each ASE market and the continued long-term growth of ASE across the Mid-West.”

– Judd Kyle Shader, Chief Executive Officer/Board Member

This capital investment into ASE is the first of many, continuing to secure ASE’s strong footprint and market presence across the Mid-Western region of the United States.

For more information, contact LWG Senior Marketing Manager: Hanna Jerde

LWG Adds Store Number 98 – Thornton, CO Midas

Announcement for Release on: July 23rd, 2018

Leeds West Groups (LWG) is proud to announce the acquisition of it’s newest automotive repair shop location in Thornton, CO, and will assume operations effective on Monday July 23rd, 2018.

This new location will be under the Management of District Manager Ian Gnadt out of the LWG Denver, CO Midas region. Transforming this location will be approached using our precise LWG process – revolving around our focus on customer service, ensuring the customer is always the priority. This location will offer the full brand of Midas services.

“We are incredibly excited to be adding another Midas location in our home market of Colorado. Not only in terms of growth, but in continuing to create synergy with our existing Colorado team members and customers. We look forward to serving the Thornton community for many years to come.”

– Judd Kyle Shader, Chief Executive Officer/Board Member

This will be LWG’s 17th Midas location in the Colorado region, 29th automotive service location in the State of Colorado, and 98th location nationally.

LWG Awarded 2017 Large Group North America Midas Franchisee of the Year Award

Announcement for Release on: April 23, 2018

(Denver, CO) Leeds West Groups (LWG) is extremely proud to be awarded the 2017 Large Group North America Midas Franchisee of the Year Award. The Midas Franchise of the Year award recognizes and rewards the highest and most exemplary performance within the franchise organization. As 2017 nominees, franchisees had store(s) that finished in the program’s Top 100 Standings, based on: sales growth in 2017 vs 2016, sales volume in 2017, car count growth in 2017 vs. 2016, tire sales volume in 2017, and tire sales growth in 2017 vs 2016.  LWG 2017 goal setting location was Midas King of Prussia, PA (Philadelphia suburb) store managed by Jim Leary and Michael Troll.

With ASE, a LWG company as of January 2, 2018 being awarded the 2015 North America Midas Franchisee of the Year Award, this now marks LWG second year that a LWG company was awarded this honor.

LWG winning the 2017 Large Group North America Midas Franchisee of the Year Award is a testament to each and every team member across our organization, and their daily efforts and motivation to be the best aftermarket automotive group in the United States day-in and day-out.” – Judd Kyle Shader, LWG Chief Executive Officer/ Board of Directors

LWG franchise automotive retail group consists of 97 franchise locations all within the brands of Midas, Speedee Oil, and Big O Tires. LWG has locations operating within 16 states and has over 850 proud team members.

Leeds West Groups (LWG) Buys Auto Systems Experts (ASE) in Largest Single Midas Acquisition by a Midas Franchisee

Announcement for Release on: December 11, 2017

Leeds West Groups (LWG) have entered into an agreement to acquire Auto Systems Experts (ASE), an employee-owned company based out of Davenport, IA that operates 42 Midas locations in six states in the Midwest with a full complement of Midas’ automotive services.

The planned acquisition includes all of ASE locations, real estate holdings, buildings, and equipment, making it the largest single acquisition by a Midas franchisee in Midas history. Alan S. Mahrt, the former president of ASE will serve as Chief Operating Officer of the new division of Leeds West Groups.

Leeds West Groups is a capital group that acquires, owns, and manages Midas, Big O Tires, SpeeDee Oil Change & Auto Service, locations in nine states, that currently, before the ASE acquisition, touches over 20% of the US in markets with 55 franchise locations spread across Colorado, Indiana, Illinois, Michigan, Wisconsin, New Jersey, Pennsylvania, Delaware and Connecticut.  The new ASE acquisition boosts LWG’s holdings to 97 locations, across 15 states and 850 employees making it collectively, the largest Midas, Big O Tires, SpeeDee Oil Change & Auto Service automotive group in the nation.

The transaction has been approved by each ASE and LWG respective Board of Directors and is subject to customary closing requirements and regulatory approvals. Financial terms of the transaction were not publicly disclosed.

In conjunction with the acquisition, Leeds West Groups has named current Board of Directors Member Joshua A. Weinreich as Chairman of the Board of LWG. Josh Weinreich is a career finance executive.  He retired in 2004 after 20 years on Wall Street after serving in senior positions at Bankers Trust Co. and Deutsche Bank, including Global Head of Hedge Funds and Chief Executive Officer of Deutsche Asset Management, Americas. Mr. Weinreich chairs the Board of Leeds West Group.  He is an independent Director of Skybridge Capital Hedge Fund Portfolios and House Party, Inc., and is on the Advisory Board of Primary Venture Partners. He has previously served on the Board of Directors of Alliance Bernstein (2013 – 2017),  as a Member of the Newark Academy Board of Trustees (2009 – 2014), and Member of the Cornell University Endowment Hedge Fund Subcommittee (2002 – 2012). Mr. Weinreich is currently Board Chair of the Community FoodBank of New Jersey, and Chief Investment Officer of Overlook Hospital Foundation.  He is a graduate of Cornell University and holds an MBA from the University of Pennsylvania, Wharton School of Business.  He resides in Summit, New Jersey.

Additionally, Mr. David H. Byron Smith, Jr. JD, has been appointed to the Board of Directors of Leeds West Groups. Mr. Smith currently serves as Executive Vice President for Policy & Legal Affairs and General Counsel at the Mutual Fund Directors Forum in Washington DC. Mr. Smith also holds a seat on the Board of Directors of Northern Trust Bank since April 20, 2010 and Illinois Tool Works (ITW) since December 4, 2009. ITW owns companies such as Deltar, RainX, Wynn’s, Densit, Miller Welding, Hobart, Ramset and Zip Pak to name just a few.

“This acquisition represents a powerful opportunity for LWG to significantly expand our presence in the United States in the franchise aftermarket automotive repair industry,” said Judd Kyle Shader, CEO, Founder, and Board of Directors member of Leeds West Groups. “As one of the premier automotive management companies, Leeds West Groups has clearly demonstrated its ability to apply its considerable resources and expertise to enter and lead in the franchise aftermarket automotive repair marketplace for many years to come.”

Founded in 1957, Auto Systems Experts, Inc. (ASE) is one of the oldest Midas franchisees in the country providing comprehensive diagnostics and repair of all major automotive systems. Prior to the acquisition ASE was 100% employee-owned under an employee stock option plan.

“We have worked closely with LWG in a strategic partnership over the last two years to make this acquisition a natural fit that will grow ASE for many years to come in resources and new locations, making this a seamless benefit for all,” said Alan S. Mahrt, former president of Auto Systems Experts.

In 2013, Leeds West Group acquired 30 Midas corporate stores in nine states in an arrangement to convert Midas corporate shops into franchised locations. At the time of the transaction it was the largest single Midas store purchase by a franchisee in the company’s history.

“The ASE and Leeds West groups represent two of the finest dealer teams within the Midas system and we are extremely excited to work with both Judd and Alan as they continue to expand into new areas and grow market share,” said Ron Seagle, VP & GM, Midas.

About Leeds West Groups

Leeds West Groups (LWG) headquartered out of Greenwood Village, Colo., is a management platform that is capitalized by Private Equity and Family Office funds that acquires, owns, and manages aftermarket automotive repair franchise brands within the US. LWG has established itself as the only private equity backed group in the US to run three unique aftermarket automotive repair franchised brands that specialize across all three aftermarket platforms of tires, complete auto care centers, and quick lubes. LWG has built its reputation as a leader in the aftermarket automotive franchise industry both through its scalable nation-wide platform, industry leading automotive management team, professionalism and insight within the marketplace.

About Midas

Midas is one of the world’s largest providers of automotive services, offering brake, tire, maintenance, exhaust, steering and suspension services at more than 2,100 franchised and licensed Midas shops in 14 countries, including over 1,200 in the United States and Canada. For more information visit midas.com.

About TBC Corporation

For more than 60 years, TBC Corporation (TBC), one of North America’s largest marketers of automotive replacement tires through a multi-channel strategy, has been a tire company ahead of the curve. Through worldwide operations spanning wholesale, retail, and franchise, TBC provides customers best-in-class brands and automotive maintenance and repair services with the underlying mission to exceed customer expectations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, Carroll Tire Company, TBC International, and TBC de Mexico.

Additionally, TBC responds to the needs of consumers in search of total car care at more than 3,200 franchised and company-operated tire and automotive service centers under the brands Tire Kingdom Service Centers®, Merchant’s Tire & Auto Centers®, NTB Tire and Service Centers®, Big O Tires® and Midas®.

Leeds West Groups CEO & Board of Directors, Judd Kyle Shader

Leeds West Groups Chairman of the Board, Joshua A. Weinreich