Private equity firm Wynnchurch Capital has sold Team Car Care (TCC), a quick oil change brand operating 458 locations across 23 states, to Triple JJJ Lube, Corp. The financial terms of the deal were not disclosed. TCC is the operator and franchisee of the Jiffy Lube brand. Steve Werner serves as CEO of TCC. This move signals continued consolidation in the auto service sector.

The sale of TCC to Triple JJJ Lube indicates ongoing activity in the automotive aftermarket. Private equity firms often acquire and then sell businesses to optimize returns. The quick oil change market, while competitive, offers recurring revenue streams. The Jiffy Lube brand is well-established, making TCC an attractive asset for potential buyers.

This transaction could be a strategic move by Triple JJJ Lube to expand its footprint in the quick oil change market. The buyer may be looking to integrate TCC's locations into its existing operations. Further details about the acquisition are currently unavailable. The deal's impact on Jiffy Lube's overall market share remains to be seen.

Investors will be watching to see how Triple JJJ Lube integrates TCC. Future performance of the acquired locations and any strategic changes could influence the broader quick oil change sector. It's likely that other firms are looking at similar acquisition opportunities. The automotive services sector remains a target for private equity.