logo
Straightaway Tire & Auto Completes Six Strategic Acquisitions in the First Half of 2025

Straightaway Tire & Auto Completes Six Strategic Acquisitions in the First Half of 2025

Business Wire2 days ago
CHARLOTTE, N.C.--(BUSINESS WIRE)--O2 Investment Partners (www.o2investment.com) is pleased to announce that Straightaway Tire & Auto (www.gostraightaway.com), a leading independent, full-service aftermarket automotive repair and service platform, completed six strategic acquisitions during the first half of 2025. These included the acquisitions of K Motion Auto Service, Antero Automotive, Stillwater Auto Clinic, Burnsville Auto Repair, Reliable Auto Care, and AutoPro Auto Service. Terms of the transactions were not disclosed.
These acquisitions highlight Straightaway's capabilities for accelerating growth of local brands, while further benefiting acquired locations with added resources and investment by the Straightaway platform.
Share
The six businesses, based in Colorado and Minnesota, will be integrated into Straightaway's EAS Tire & Auto and Victory Tire & Auto brands. These additions bring added density to the greater Minneapolis and Denver markets, bolstering Straightaway's footprint in key geographies.
'These additions help us further densify two key markets and reflect Straightaway's emergence as the partner of choice for local automotive repair facilities,' said John Teddy, CEO of Straightaway Tire & Auto. 'While we're pleased with our continued momentum so far this year, in many ways we are just getting started.'
Andrew Faubel, Partner at O2, commented, 'We are proud to see the continued growth and evolution of Straightaway. These acquisitions highlight Straightaway's capabilities for accelerating growth of local brands, while further benefiting acquired locations with added resources and investment by the Straightaway platform.'
About Straightaway Tire & Auto
Straightaway Tire & Auto is a leading independent, full-service aftermarket automotive repair and service platform with 70+ locations across Colorado, Florida, Maine, Massachusetts, Minnesota, New Hampshire, and Wisconsin. Straightaway focuses on building strong local brands by partnering with established automotive repair businesses to provide resources and operational expertise that drive growth and long-term success. The company is committed to identifying opportunities to strengthen the markets where it operates, and being good stewards of the communities it serves. Straightaway is actively expanding its footprint in new and existing markets through strategic acquisitions and welcomes inquiries from shop owners interested in exploring a sale or partnership. Additional information is available at www.gostraightaway.com.
About O2 Investment Partners
O2 Investment Partners is a Midwestern-based private equity firm that seeks to invest in lower middle-market niche services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to creating shareholder value. O2 invests to partner with management to build and grow the business and take it to its next stage of development. This requires a clear vision and strategic plan to create shareholder value, close partnership, and alignment of interest with management. Additional information is available at www.o2investment.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ThreeD Capital Inc. Completes Private Placement Financing
ThreeD Capital Inc. Completes Private Placement Financing

Hamilton Spectator

time2 hours ago

  • Hamilton Spectator

ThreeD Capital Inc. Completes Private Placement Financing

TORONTO, Aug. 01, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. ('ThreeD' or the 'Company') (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce that it has closed its previously announced private placement financing (the 'Private Placement') pursuant to which it has issued an aggregate of 11,600,000 units ('Units') of the Company in exchange for total gross proceeds of $696,000, or $0.06 per Unit. Each Unit issued as part of the Private Placement is comprised of one common share and one common share purchase warrant (a 'Warrant'). Each whole Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.15 per common share for a period of 60 months. No commission or finders' fees were paid as part of the Private Placement. All securities issued and issuable in connection with the Private Placement will be subject to a four-month and a day hold period expiring on December 2, 2025. In connection with the Private Placement, management and directors of the Company (collectively the 'Insiders'), purchased a total of 11,600,000 Units. Insiders' participation in the Private Placement constitutes a 'related party transaction' pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company is relying on the exemption from the valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the Insiders' participation in the Private Placement does not exceed 25% of the market capitalization of the Company. About ThreeD Capital Inc. ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company's ecosystem. For further information: Matthew Davis, CPA Chief Financial Officer and Corporate Secretary info@ Phone: 416-941-8900 The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof. Forward-Looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as 'forward-looking statements') within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos
Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

New York Post

time2 hours ago

  • New York Post

Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

Real estate player CoStar, parent of and is suing Zillow, claiming the online real estate marketplace is using tens of thousands of its copyrighted photographs to prop up its business. In court documents filed with the Southern District of New York this week, CoStar said it is trying to 'redress Zillow's widespread and systematic infringement of CoStar's copyrighted photographs, which Zillow has unlawfully exploited to bolster its online rental listings business.' CoStar claimed in the June 30 filing that Zillow had displayed and profited off of nearly 47,000 CoStar-copyrighted images on and other Zillow sites, with many of the images even including the CoStar watermark. In many cases, an image will appear on multiple different Zillow pages and different versions of listings, displaying over 250,000 times, according to the suit. 'Zillow's misconduct is not limited to the Zillow family of websites. Through lucrative syndication agreements, Zillow is also distributing CoStar's images to its partnership network of listing websites, hosted by Zillow's supposed competitors, and Redfin,' CoStar stated in the suit. CoStar said in a release that it invested billions of dollars to create 'the most comprehensive database of real estate information' including building what it describes as the 'world's largest library of real estate photographs.' The company said it has employed and hired thousands of professional photographers who have created millions of real estate images, which are owned and copyrighted by CoStar Group. CoStar Group is suing Zillow, as the real estate giant claims they are using its copyrighted photographs to prop up their business. Rafael Henrique – FOX Business reached out to Zillow for comment. This adds to the mounting legal challenges that Zillow is facing. This marks the second time within five weeks that Zillow has been hit with a lawsuit. The first came from real estate brokerage Compass, which filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its site that were first listed elsewhere. Court documents sent to the Southern District of New York acknowledge that Zillow is using copyrighted photos from CoStar to 'bolster its online rental listings business.' Koshiro K – Compass, based in Manhattan, is seeking an injunction against Zillow to force them to change their practices, as well as monetary damages. Seattle-based Zillow has about 160 million homes in its database, receives 227 million unique visitors a month and received 2.4 billion visits between January and March, according to Reuters. They called Compass' claims 'unfounded' and told FOX Business that it 'will vigorously defend against them.'

Palantir gets $10B Army contract to improve readiness with AI
Palantir gets $10B Army contract to improve readiness with AI

Miami Herald

time2 hours ago

  • Miami Herald

Palantir gets $10B Army contract to improve readiness with AI

Aug. 1 (UPI) -- Denver-based software firm Palantir Technologies secured a 10-year contract worth up to $10 billion to improve the U.S. Army's military readiness and efficiency with artificial intelligence. Palantir specializes in developing software that enables the use of AI to make real-time decisions, such as those that the U.S. Army could face in the future. The contract supports the Army's sustained capability growth and enhances its ability to meet operational warfighting needs with proven [and] commercially available AI technologies, it said in an online announcement on Thursday. "This enterprise agreement represents a pivotal step in the Army's commitment to modernizing our capabilities while being fiscally responsible," Army Chief Information Officer Leo Garciga said. The enterprise agreement with Palantir will help the Army to save money while improving its operational efficiency and military readiness through a "comprehensive framework for the Army's future software and data needs," according to the announcement. "By streamlining our procurement processes and leveraging enterprise-level discounts, we are not only enhancing our operational effectiveness but also maximizing our buying power," Garciga added. The Army will consolidate 15 prime contracts and 60 related contracts into one enterprise agreement with Palantir, which accelerates the delivery of proven commercial software to the Army's military units. "This streamlined approach reduces procurement timelines, ensuring soldiers have rapid access to cutting-edge data integration, analytics and AI tools," according to the Army. The contract also saves money by eliminating contract and pass-through fees, while reducing procurement timelines. The contract enables the Army and other Defense Department to pay up to $10 billion over 10 years to obtain Palantir products, but it does not require the military to spend the full $10 billion. Palantir earlier this year provided the Army with two AI-powered systems as part of a $178 million contract, according to a CNBC news report. The Defense Department in May also increased to $795 million an existing contract with Maven Smart Systems to improve the military's AI capabilities. Copyright 2025 UPI News Corporation. All Rights Reserved.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store