#USA #Portland #Bertram Capital #Left Lane Auto #Don Foshay's

Left Lane Auto Expands Its Reach with a Strategic Acquisition

In an exciting development for the automotive service industry, Left Lane Auto, LLC has revealed its acquisition of Don Foshay's Discount Tire & Alignment, a well-established chain of automotive repair and maintenance facilities based in Portland, Maine. This strategic move is aimed at enhancing Left Lane's footprint in the New England region, further solidifying its position as a national leader in tire retail and automotive services.

Founded in 1982 by Don Foshay Sr. in South Portland, Don Foshay’s Discount Tire & Alignment started with a single location and has since expanded to six stores. Over the decades, the company has garnered a loyal customer base and multiple awards that underline its commitment to quality service. With a team of over 75 skilled employees, the business has invested significantly in modern diagnostic tools and repair equipment, ensuring it meets the evolving needs of its clientele. Their comprehensive services encompass tire sales and installation, wheel alignments, state inspections, transmission repairs, and more.

Parham Parastaran, CEO of Left Lane, expressed enthusiasm for the acquisition, stating, “We are excited to have the opportunity to carry on the strong legacy and operation that the Foshay family has built in Maine, which will serve as a strong entry point into the state for our platform.” This acquisition not only retains all existing management and employees but also aims to leverage the established brand for further growth within the New England market.

The transaction marks a significant milestone for Left Lane, pushing its ownership portfolio to over 80 stores nationally since its inception in 2021. It is also the first acquisition under the partnership with Bertram Capital, a private equity firm that supports Left Lane’s growth strategies.

“We had multiple buyers to pick from but found that Left Lane Auto was the best match for our team and our customers going forward,” said Don Foshay Jr. This positive sentiment reflects the mutual benefits anticipated from the acquisition, highlighting a seamless transition designed to enhance operational capabilities and strengthen customer relations.

As Left Lane Auto positions itself for future growth, it actively seeks additional acquisition opportunities to expand its geographical presence and integrate high-quality operations into its framework. For business owners interested in exploring acquisition possibilities, Left Lane's CEO, Parham Parastaran, is encouraging outreach through his contact information.

The acquisition of Don Foshay's Discount Tire & Alignment not only emphasizes Left Lane's commitment to quality service but also showcases its strategy of building a robust network across the United States. As the automotive service landscape continues to evolve, this merger stands as a model for future partnerships aiming for synergy and growth in competitive markets.

A Legacy of Reliability

The story of Don Foshay’s is one of resilience and adaptability, beginning as a small family-run business and blossoming into a reputable name in automotive repair. The acquisition intends to honor this legacy while introducing innovative practices and expanded service offerings under Left Lane's established brand reputation.

In summary, Left Lane Auto's acquisition of Don Foshay's marks a significant step not only in expanding its footprint but also in enriching the local automotive service landscape. With a keen focus on quality and customer satisfaction, this partnership is poised to thrive in the ever-competitive automotive sector.