Headquartered in Dayton, Ohio, and founded more than 90 years ago, Grismer operates 28 locations across the Dayton, Columbus, and Cincinnati metro areas
Dallas—CenterOak Partners, a Dallas-based private equity firm, has announced it has completed a majority recapitalization of Grismer Tire & Auto Service centers. Terms of the transaction were not disclosed.
Headquartered in Dayton, Ohio, and founded more than 90 years ago, Grismer operates 28 locations across the Dayton, Columbus, and Cincinnati metropolitan areas.
“The automotive service sector continues to benefit from strong tailwinds, including an aging vehicle fleet and increasing repair and maintenance complexity,” said Jason Sutherland, Managing Partner of CenterOak. “Grismer aligns with our focus on investing in essential, non-discretionary service businesses supported by recurring customer demand. This investment represents our fourth automotive service platform, and we look forward to applying our experience to support Grismer’s continued growth.”
Former majority owner John Marshall said, “We are proud of what Grismer has accomplished as a second-generation, family-owned business over its more than 90-year history and believe CenterOak is the right partner to build on our legacy.”
CenterOak brings experience in the automotive service sector, having previously invested in CollisionRight, FullSpeed Automotive, and TruRoad.
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