LWG Announces Entrance Into The New Mexico Market
Announcement for Release on: October 1st, 2019 GREENWOOD VILLAGE, CO – – Leeds West Groups (LWG) has entered the New Mexico Big O Tires market with the purchase of Keith Blake, Michael Pryor, Mitch Beranek, and Scott Koldenhoven’s New Mexico locations. This is LWG’s 17th U.S. State with franchise aftermarket automotive repair locations and 3rd Big O Tires State specifically. The six store acquisition marks LWG’s 14th new Big O Tires location added into the LWG portfolio within the last 80 days. With the addition of the New Mexico Market, this increases LWG’s Big O Tires store holdings to 23 locations in the brand specifically with 102 locations nationwide, and now over 950 team members collectively across all three (Midas Auto Service Experts, Speedee Oil, and Big O Tires) franchise automotive divisions.
“Entering into the New Mexico market was a no brainer for LWG. It allows us to build out the states surrounding Colorado continuing to create consolidation and large expansion opportunities for us along the I-25 corridor and the Mid-West region. We are also committed to shifting our acquisition focus to larger scale growth opportunities, and this deal aligns perfectly with our growth objectives and operational strengths under our COO Derek Wessels and Big O Division Vice President James Gould. We look forward to filling in the Colorado to New Mexico corridor, along with our expected fast paced growth in the mid-west region.” – CEO Judd Kyle Shader
Big O Tires New Mexico will operate under the controls of James Gould Vice President of LWG Big O Tires Division and Derek Wessels Chief Operating Officer of LWG Automotive Divisions.
“I am very excited about the New Mexico Big O Tires market and expanding what my team has done in Colorado now down the I-25 corridor. This is a great opportunity for my team to learn and continue to create great scalability with increased career paths for our team members into even more locations.” ” – James Gould, Vice President of LWG Big O Tires Division.
LWG has assumed all ownership and control of these locations effective Tuesday, October 1.
Leeds West Groups (LWG) was founded by current CEO and Board of Directors Member Judd Kyle Shader and is 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 outside National investment opportunities. LWG Board of Directors is Chaired by financial industry veteran Joshua A. Weinreich. LWG now currently employs over 950 team-members within 102 automotive franchise retail locations, operating in 17 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.