Sparkle Car Care Centers of Benton Harbor have been acquired by Performance Plus Quick Oil Change & Car Wash of Holland. Calder Capital filled us in:
Calder Capital is thrilled to share the successful acquisition of Sparkle Car Care Centers of Benton Harbor, Michigan by Performance Plus Quick Oil Change & Car Wash of Holland, Michigan.
Performance Plus Quick Oil Change & Car Wash has skyrocketed to success with over 49+ retail locations across Michigan. Recognized for their commitment to honesty and integrity, Performance Plus has become a trusted household name for all things car care, including oil changes, preventative maintenance, and car washes. The company began looking to expand their services to new communities and reached out to the Calder Buy-Side team to assist. This exciting acquisition deepens and solidifies their position as a leader in the industry.
Sparkle Car Care Centers has a rich history dating back to 1981. This family-owned business has become a local staple, recognized for their quality car washes and quick, efficient oil changes. Sparkle has called 3 Michigan communities home for over 40 years. The previous owners, Bill, Chad, and Carlos Stockwell are preparing to move on to the next chapter of their lives. Carlos is eager to retire, while Bill and Chad plan to pursue other business opportunities. The acquisition of Sparkle Car Care Centers by Performance Plus marks a perfect synergy between two leading companies in the car care industry.
Sparkle Car Care Center’s Coloma, Michigan location.
When asked what excited Performance Plus Quick Oil Change & Car Wash’s Kyle Klingenberg most about the acquisition, he shared, “There are strong synergies between the two companies which provide new markets for Performance Plus. We are excited to acquire a long standing successful family business and look forward to driving its continued growth.”
Hannah Nabhan of Calder Capital served as the lead Buy-Side Director to Performance Plus Quick Oil Change & Car Wash.
“Calder has been great to work with, this is our 3rd acquisition with them,” Kyle commented regarding his experience, “Hannah is great to work with and really helps us focus on acquisitions, while still allowing us to keep our day to day focus on running our business.”
“It was a pleasure working with both companies and having the opportunity to collaborate with such reputable individuals. The synergies between the two companies are remarkable. I wish the best of luck to Kyle and Justin on their journey ahead, Bill and Chad to their future endeavors, and Carlos in his retirement.” Commented Hannah Nabhan regarding the transaction.
“It feels good to start the year strong, and definitely with a solid successful acquisition for our client, Performance Plus. Sparkle and Performance are a great match and we are both pleased that our client continues to grow its business and happy for the sellers that they are able to move on to the next chapter of their lives.” commented Calder Capital’s managing partner, Max Friar, regarding the transaction.
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Performance Plus Quick Oil Change & Car Wash.
