LWG Corporate Updates Here

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

 

LWG Announces Rusty Lamborn as New Colorado Wenco Colorado Springs/Pueblo Midas District Manager

Announcement for Release on: May 10, 2017

Leeds West Groups (LWG) is proud to announce the addition of Rusty Lamborn to the team of District Managers as District Manager for Colorado Springs & Pueblo region.

Rusty Lamborn began his career with Midas 20 years ago in Colorado Springs, Colorado as an Assistant Manager, quickly growing into a Store Manager position. Having shown results as a consistent top performer and team leader, Lamborn’s promotion in assuming the next role of District Manager comes as no surprise. Lamborn specifically has lead his team to assume “Top Midas Shop Sales” for all LWG Midas locations nationwide.

Lamborn will oversee 6 of the Midas locations in the Colorado Springs and Pueblo, CO region.

LWG congratulates Rusty and looks forward to the continued growth under Lamborn’s direction and leadership.

rusty COSpringsMap

 

 

 

 

 

Hanna Jerde (Marketing Manager)

LWG Announces Ken Hall as District Manager for Midas – Northeast Region 2

Announcement for Release on: May 1, 2017

Leeds West Groups (LWG) is proud to announce the addition of Mr. Ken Hall as District Manager for Midas Northeast Region 2 (PA, NJ).

Mr. Hall joins Leeds West Groups with over 10 years of management experience within the automotive industry – specifically 5 years with TBC Corporation on the Midas side as Manager of Shop Operations, and the last 2 years as TBC Corporation’s Midas Northeast Franchise Business Consultant.

Mr. Hall has demonstrated an innate leadership ability, wealth of industry knowledge and a true dedication to the Midas brand. Now assuming responsibility for LWG Midas locations in the Northeast Region 2, LWG Judd Shader, CEO states, “Mr. Hall’s new role as this region’s District Manager will be a valuable addition in helping to propel the organization further into our rapid growth initiatives within customer service, sales process, and a big eye on tires.”

KenHall---small-cropped

Hanna Jerde (Marketing Manager)

LWG Announces Addition to Senior Management Team

Announcement for Release on: March 1st, 2017

 

The Leeds West Group (LWG) is pleased to announce the appointment of Mr. Tim Moran to the newly created position of Regional Vice President of East Coast Operations.  In Mr. Moran’s new position, he will be responsible for the operational success of LWG’s east coast division. Mr. Moran will report to Jeff Genuario, Chief Operating Officer.

“Tim’s wealth of proven experience and industry knowledge makes him a key addition to the LWG family,” states Genuario. “We view his appointment as a sign of our commitment to continued growth and to being the leading service provider in our industry.”

Mr. Moran joins LWG from Autopart International (AI) where he most recently served as Director of Strategic Accounts. His 24 years of automotive aftermarket experience with large, multi-location accounts and store operations will be a big asset to LWG’s growing organization.

TimGreyBG

Hanna Jerde (Marketing Manager)

LWG Adds Store Number 56 – Aurora, Colorado Big O Tires

Announcement for Release on: February 27th, 2017

Leeds West Groups (LWG) is proud to announce the opening of our newest shop location in Aurora, CO. LWG has purchased the Tires Plus location on 796 S Abilene Street, and will be re-branding it into a Big O Tires location with a grand opening expected on June 1, 2017.

This new location will be under the District Management of Mr. Wil Cancanon. Transforming this location will be approached using our precise LWG process – revolving around our focus on customer service, ensuring the customer is always a priority. This location will offer the full brand of Big O Tires products, along with full auto repair services.

“We are thrilled to be adding another Big O Tires to the Aurora, Colorado market. Not only in terms of growth, but in continuing to create synergy with our existing Denver locations. We are extremely excited to be here, and look forward to serving this great community for years to come.”

– Jeff Genuario, Chief Operating Officer

 

LWG entered into the Big O Tires brand 38 months ago in the Denver, CO market. This will be LWG’s 12th Big O Tires location in the Denver market, 28th automotive service location in the state of Colorado, and 56th location nationally.

coming soon                             

Hanna Jerde (Marketing Manager)

LWG Announces Brian Thompson as Vice President of Mid-West & Wenco Operations

Announcement for Release on: December 12th, 2016

Leeds West Groups (LWG) is proud to announce the addition of Brian Thompson as Vice President of Mid-West and Wenco Group Operations.

Brian Thompson began his career with LWG at Midas, Wenco Group in Colorado Springs, CO as the Assistant Manager over 6 years ago. Thompson quickly worked his way up from Assistant, to Store Manager, and then District Manager – responsible for overseeing 10 Midas locations.

Having set multiple company records since day one with the company, Thompson has proven a true passion for leadership and dedication to the Midas brand. Now assuming responsibility for the Mid-West region and Wenco District Managers, Thompson’s new role as Vice President of Mid-West and Wenco Operations will help propel the organization further into our rapid growth initiatives.

thompsongrey-background

Hanna Jerde (Marketing Manager)

LWG Announces Brian Johnson and David Louden, Jr. as New District Managers

Announcement for Release on: December 12th, 2016

Leeds West Groups (LWG) is proud to announce the addition of Brian Johnson and David Louden, Jr. to the team of District Managers.

Brian Johnson began his career with LWG 6 years ago at Midas in Denver, Colorado as an Assistant Manager, quickly growing into a Store Manager. Having shown results as a consistent top performer, assuming the responsibility of District Manager comes as no surprise. Johnson will oversee 4 of the Midas locations in the Denver, CO region.

David Louden, Jr. began his career with LWG 2 years ago at Midas in Colorado Springs, Colorado as Assistant Manager, quickly filling the shoes of Shop Manager. Currently owning the title of top sales increase over every shop in Colorado, LWG looks forward to seeing the continued growth under Louden, Jr’s direction as a District Manager. Louden, Jr. will oversee 6 of the Midas locations in the Colorado Springs/Pueblo area.

LWG is honored to welcome Brian Johnson and David Louden, Jr. to the team. Both will be valuable additions in helping to shape the vision of the company’s growth.

                             
    brianjohnson-recovered    david

                                                                                                                                                 Brian Johnson                                           David Louden, Jr.

Hanna Jerde (Marketing Manager)