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, owned and managed by brothers, Kyle and Justin Klingenberg, has skyrocketed to success with over 49+ retail locations across Michigan. Recognized for its commitment to honesty and integrity, Performance Plus has become a trusted household name for car care, including oil changes, preventative maintenance, and car washes. The company began looking to expand its services to new communities and reached out to the Calder Buy-Side team to assist. This exciting acquisition deepens and solidifies its 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 its quality car washes and quick, efficient oil changes. Sparkle has called 3 Michigan communities home for over 40 years. The previous owners, brothers Bill and Chad Stockwell, and their father, 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.
When asked what excited 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 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 on their future endeavors, and Carlos in his retirement,” noted 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.
About Performance Plus Quick Oil Change & Car Wash
Performance Plus Quick Oil Change & Car Wash is a family-run business with a rich history dating back to the 1980s. The company was founded by husband and wife team, Steve and Pat Klingenberg with just one location in Holland, Michigan. Determined to continue their parent’s hard work, brothers Kyle and Justin Klingenberg, have brought the company to new heights with their passion for excellence. With a focus on delivering personalized service and a touch of warmth, Performance Plus has cemented its place as a trusted household name. In 2019, the company acquired Colonial Oil Exchange of Farmington, Michigan. Now, with 49+ locations across the state, Performance Plus offers full-service oil changes, comprehensive automotive maintenance, and sparkling car washes.
About Sparkle Car Care Centers
Sparkle Car Care Centers, established in 1981 in Benton Harbor, Michigan, is a shining beacon in the car care industry! With additional locations in Coloma and St. Joseph, Sparkle offers touchless car washes, self-serve dog washes, and quick lube services. Their mission is simple – to exceed expectations and leave every vehicle gleaming with beauty. With a commitment to outstanding customer service and cutting-edge technology, Sparkle is elevating the car wash experience to new heights.
About Calder Capital
Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.
