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March 14, 2018

Volume 2 Issue 34

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Equity Firm Acquires Heartland

Private equity firm Wynnchurch Capital acquired “do-it-for-me” oil change giant Heartland Automotive Services Inc. for $1.3 billion, the companies announced last week. The Chicago-based firm partnered with Jiffy Lube franchise Mid-Atlantic Lubes Inc. for the acquisition, but declined to comment on details of the partnership.