"We are committed to growing our presence through acquisitions of other brands or independents which can accelerate our exposure and growth," said Jose Costa, president of MAACO. "Sprayglo has a compelling business model and outstanding unit economics in the region. We are excited about this addition to MAACO family and are confident this acquisition will result in a win-win for our customers and our brand alike."
MAACO franchisee Mulford Waldrop will purchase five of the existing Sprayglo shops—two in Georgia (Atlanta and Leesburg); one in Florida (Fort Walton Beach); one in Alabama (Saraland); and one in Mississippi (Gulfport). Each of these shops will be converted into MAACO centers within six months.
"I am happy to have the chance to expand my relationship with MAACO at this exciting time in the company's history," said Waldrop. "The brand's commitment to excellence, the franchisee family and the community at large, coupled with its plans and potential for growth offer limitless opportunity. I look forward to serving my new customers and helping them turn the cars they drive back into the cars they love."