Wynnchurch Exits Team Car Care After Turnaround, Sells to Triple JJJ Lube — Wynnchurch Capital, L.P.

Event summary

Wynnchurch Capital sold Team Car Care (TCC), the largest operator of Jiffy Lube locations, to Triple JJJ Lube for an undisclosed amount.
TCC operates 458 quick oil change stores across 23 states under the Jiffy Lube brand.
Under Wynnchurch’s ownership, TCC underwent operational improvements, including AI tool implementation and service expansion via Jiffy Lube Multicare.
Wynnchurch acquired TCC as a turnaround opportunity; the company was underperforming before the investment.

The big picture

Wynnchurch’s successful turnaround and exit of TCC highlights the private equity firm’s strategy of targeting underperforming assets with growth potential. The sale to Triple JJJ Lube underscores consolidation trends in the automotive aftermarket, where scale and operational efficiency are key differentiators. Wynnchurch’s focus on AI-driven improvements also reflects broader industry shifts toward technology-enabled service enhancements.

What we're watching

Integration Challenges: How Triple JJJ Lube will integrate TCC’s operations and sustain the performance improvements made under Wynnchurch.
Market Positioning: Whether TCC can maintain its leadership in the DIFM automotive aftermarket amid increasing competition.
Private Equity Strategy: The pace at which Wynnchurch will deploy its $8.6 billion AUM following this exit, particularly in similar turnaround opportunities.