FOR IMMEDIATE RELEASE
Moran Industries, Inc. Announces Management Buy Out
Franchisor for Mr. Transmission, Milex Complete Auto Care and Alta Mere recently completed a Management Buy Out by CEO/President Barbara Moran.
Chicago, IL, October18, 2010 -- Barbara Moran, CEO and President of Moran Industries, Inc. recently announced her management buy out of the automotive aftermarket franchisor that includes, Mr. Transmission, Multistate Transmission, Dr. Nick’s Transmission, Milex Complete Auto Care, Alta Mere Toys for Your Car and Smartview Window Solutions. Since 1999, Ms. Moran has been the President /CEO of the business her father, Dennis Moran, founded in 1990. As a long time shareholder and executive of the family run business, she has worked her way up the ranks to become one of the only female CEO’s in the male dominated automotive repair industry and now, it’s only female owner.
Ms. Moran is the majority shareholder of the company that she has successfully led over the past decade. “Accomplishing the buyout of this business has been a longtime goal of mine,” indicated Ms. Moran. “With ownership now firmly in place, we can continue the growth of our franchise companies and build an even stronger business model for the future.” Moran Industries continues to be one of the leading franchisors in the automotive transmission repair industry. With over 160 franchise brands across the country, Moran Industries offers franchises in transmission repair, general automotive repair, and automotive accessories including automotive window tint and auto alarms. Under Ms. Moran’s leadership, the company was the first in the automotive repair industry to cobrand and tribrand their concepts. They recently launched a new franchise opportunity with Smartview Window Solutions offering residential and commercial window tinting.
Even with the current economic challenges for small businesses, Moran is extremely positive about the future success of her company and the franchisees that Moran Industries supports. “The franchise concepts that we offer have stood the test of time and are continuing to grow” she explained. “With vehicles lasting longer, the average number of miles driven increasing and automotive repairs becoming more complex, the industry is seeing exponential growth opportunities.”
About Moran Industries, Inc.
Midlothian, Illinois-based Moran Industries, Inc. is one of the leading franchisors of automotive repair centers in the country. Moran Industries provides specialty products and services in virtually every aspect of the automotive aftermarket through five franchise brands and more than 160 franchise brands nationwide including: Transmission USA service centers (Mr. Transmission, Multistate Transmission, Dr. Nick Transmission); Alta Mere “Toys for You Car”; and Milex Complete Auto Care centers and now Smartview Window Solutions. For more information on Moran Industries, visit www.moranindustries.com or call 708-389-5922. For more information on Mr. Transmission visit www.mrtransmission.com, Milex Complete Auto Care www.milextuneupbrake.com, Alta Mere Toys for your Car www.AltaMere.com and Smartview Window Solutions www.smartviewwindowsolutions.com