June 15, 2008
Kelley Drye represented Atlantic Coast Enterprises, LLC (ACE) in the purchase of 43 fast-lube and oil service centers throughout Florida from Jiffy Lube International, Inc., the largest franchisor and owner of company operated service centers in the fast lube industry.
In a related transaction, Kelley Drye also represented ACE in the acquisition of 8 fast-lube and oil service centers throughout South Carolina from Xpress Lube OF NMB, Inc., a large independent fast-lube and oil service center operator in South Carolina. ACE, a privately owned company based in Norwalk, Connecticut, has become one of the top U.S. fast-lube and oil change companies and will be one of Jiffy Lube's top franchise holders.
Partner Jack J. Miles represented ACE in this matter.