| 1975 |
Founder, Bill Childs acts on his idea of a convenient
"tune-up". |
| 1976 |
Bill Childs names this idea "Precision
Tune" with the first center located in
Beaumont, Texas. |
| 1977 |
Bill Childs begins franchising Precision Tune
tune-up centers.
First Area Developer: Don and Janie Scott in Orlando, Florida.
First Franchisee: Wally and Dolly Metrojean in Alexandria,
Louisiana. |
| 1979 |
100th center opens in Oakridge, Tennessee by
franchisee Al Williams, under the Area Developer Carleton
McMullin, who remains an Area Developer today for Tennessee
and Arkansas. |
| 1980 |
Innovative "We Care" Card Program
introduced as a customer service measurement tool, still being
used today...and now available online! |
| 1987 |
Precision Tune introduces a precedent-setting
12-month/12,000 mile nationwide warranty. Corporate office
relocates from Texas to Sterling, VA with the announcement
of Don Ervin, one of the new company investors, as President
and CEO. |
| 1989 |
Company acquires National 60-Minute Tune, representing
60 franchisees in Washington, Oregon, Florida and Southern
California. |
| 1990 |
Precision Tune begins franchising internationally
in Taiwan.
President and CEO, Joseph Grimaud relocates offices to Leesburg,
VA for a better location to accommodate an on-site, fully-equipped
training center, convenient to Washington Dulles International
Airport. |
| 1991 |
The first international center opens in Taipei,
Taiwan. |
| 1996 |
"Precision Tune" becomes "Precision
Tune Auto Care" to address the industry shift from specialization
to complete car care. 20th center opens in Taiwan.
20 centers added with the Acc-U-Tune & Brake acquisition
in the San Francisco
Bay area.
Lifetime Brake Warranty introduced. |
| 1997 |
Precision Auto Care, Inc. is born as a result
of the initial public offering instituted by President and
CEO Jay Ripley, and the company began franchising Precision
Lube Express and Precision Auto Wash, in addition to Precision
Tune Auto Care. |
| 1998 |
Precision Tune Auto Care enters two new international
markets: Indonesia and Brazil. |
| 1999 |
PACI announces strategic alliance with Getty
Petroleum Marketing to co-brand Getty gas and convenience
stations. |
| 2000 |
Lou Brown named President and CEO as part of
a corporate recapitalization plan; Company returns to its
core business, Precision Tune Auto Care.
Precision Tune Auto Care enters Portugal.
PACI sells its manufacturing and distribution center, Precision
Automotive Components because the wholesale distribution business
is not profitable and consumes a significant amount of capital.
First Getty/Precision Tune Auto Care center opens in Clinton,
MA. |
| 2001 |
First center opens in Lisbon-Alameda, Portugal. |
| 2002 |
PACI inks trial deal with Shell Arabia Car Care
to create two Precision Tune Auto Care hub sites in Riyadh
and Jeddah. |
| 2003 |
PACI announces the sale of HydroSpray, its car
wash manufacturing subsidiary; Company returning to solid
financial footing; reinstitutes Bi-Annual Franchise Convention
with kick-off in Las Vegas; now focused on growth.
5th Portugal center opens in Massama, Portugal; Master Licensee
announces expansion plans for 26 centers in Portugal and future
expansion in Spain.
Lobby Renewal Program executed in stores nationally, to maximize
the customer experience. |
| 2005 |
International growth: 3 stores now operating
in Canada; 5 stores now operating in China; 16 stores now
operating in Portugal; 2 stores now operating in Spain. |
| 2006 |
Robert Falconi becomes CEO; Lou Brown takes the role of
Chairman; Mark Francis promoted to Chief Financial Officer.
Precision Tune Auto Care forms partnership with NASCAR Nextel
Cup Driver & Precision Tune Auto Care customer, Bill
Lester for a summer Fuel Saver promotion.
Precision Tune Auto Care welcomes its newest Area Developer
to develop portions of Arizona, a market that the company
is re-entering. |
| 2007 |
Precision Tune Auto Care opens two company stores and purchases property for two more.
|
