Wrench Acquires Mobile Vehicle Repair Network YourMechanic

Wrench Acquires Mobile Vehicle Repair Network YourMechanic

Wrench expands its position to eliminate the hassles of vehicle ownership.

Mobile vehicle services and technology marketplace Wrench has completed the acquisition of mobile vehicle repair network YourMechanic. The combined company will reach more than 35,000 zip codes and deliver services to more than 20,000 private and fleet vehicles per month. The terms of the acquisition are confidential.

“This is a significant milestone for Wrench as it adds more automotive experts to our marketplace and enables us to expand on our ability to deliver the flexibility and trustworthy service that today’s vehicle owner expects,” said Wrench CEO, Ed Petersen. “By welcoming the YourMechanic ecosystem to Wrench, we are expanding what was already the largest mobile vehicle service network in existence. This network of highly skilled technicians gives our customers the comfort in knowing they can schedule the service they need, when and where they need it.”

YourMechanic launched in 2012 and received venture backing from Andreessen Horowitz, Softbank and others. It has more than 350 technicians in 30 states delivering services to more than 290,000 customers.

YourMechanic strengthens the depth of services and service providers for the Wrench network. It adds 16 new unique markets and more than 10,000 zip codes to the area that Wrench can service as well as expands the ability of Wrench to provide more robust service capabilities to consumers and fleets across the country.

This acquisition comes at an opportune time with rising demand in the auto repair industry. The average age of vehicles in the US rose to 12.2 years and this is the fifth consecutive year that age has climbed. Older vehicles need more frequent maintenance and service, but that service can be difficult to find. The average cost per service has also risen more than 30% over the last four years. Wrench is in a great position to capitalize on this growth by having the ability to schedule services when and where they are needed, vehicle owners and fleet managers can stay in front of their service needs.

More than 75% of consumers don’t trust repair shops. And 91.8% of vehicle owners have delayed a needed repair with more than half of them delaying service because they are too busy. Wrench gives vehicle owners and fleet managers an instant and transparent price quote with the ability to schedule a technician on their schedule. The expanded capabilities that the YourMechanic platform brings means that Wrench’s fleet and strategic business partners can ensure service is available as well.

“This acquisition also allows us to expand the support we give to our strategic partners such as Carvana, SilverRock, Geico, Tesla, and Firestone Complete Auto Care in even more areas allowing our partners to offer our hassle free in-home service to even more of their customers,” Petersen said. “Wrench is at the forefront of the mobile vehicle service industry. But we are also at the forefront of the trust industry and we look forward to showing more vehicle owners what a quality mechanic experience feels like.”

For more information, visit wrench.com.

You May Also Like

TireHub Now a Mickey Thompson Distributor

Mickey Thompson’s Baja Boss and Baja Legend product lines will provide TireHub customers with performance tire options.

TireHub, the national tire distributor cofounded by The Goodyear Tire & Rubber Company (Goodyear) and Bridgestone Americas Inc. (Bridgestone), announced it is now an authorized National Distributor for Mickey Thompson Tires & Wheels, effective May 1, 2023.

The addition of Mickey Thompson’s Baja Boss and Baja Legend product lines will provide TireHub customers with more performance tire options for any terrain, TireHub says.

CARFAX: Number of Cars with Recalls ‘Alarmingly High’

More than 2.5 billion vehicles with “Do Not Drive” or “Park Outside” orders are in need of fixing, according to CARFAX data.

eBay Motors Launches ‘Renew Your Ride’ Program

Car enthusiasts can receive consultations from renowned builders, with a guarantee the parts will fit their vehicles.

Turbo Tint to Open Newest Franchise in Texas

The company anticipates having 18-21 franchise locations operating by the end of the year.

Nominations Open May 15 for TechForce’s Techs Rock Awards

Five professional transportation/mobility techs to be recognized nationally for their contributions.

Other Posts

BBB Industries Acquires Inter-Turbo in Poland

Based in Katowice, Poland, Inter-Turbo sustainably manufactures turbochargers, injectors and diesel particulate filters.

Bapcor Limited Acquires E-Max Australia

E-Max will become part of Bapcor’s Commercial Vehicle Group, and part of the Australian Truck Parts wholesale business.

Openbay Deepens its Coverage with AAMCO Partnership

More than 560 AAMCO locations across 35 states are now available on Openbay+.

LKQ Acquisition of Uni-Select Receives Final Approval

The deal, first announced on Feb 27, is expected to generate approximately $55 million in run-rate cost synergies and incremental revenue upside opportunities.