AAMCO Transmissions

AAMCO is an American transmission-repair franchise founded by Robert Morgan[1] and Anthony A. Martino (who used the first letter of each name to form the names AAMCO and later MAACO) in 1957 in Philadelphia. Martino eventually ended his affiliation with AAMCO to manage the MAACO autobody-shop franchise, but Morgan stayed on with his son, Keith Morgan, succeeding him as CEO.

Not to be confused with MAACO (also founded by Anthony A. Martino), AMMCO or Amoco.
AAMCO Transmissions Inc.
AAMCO Transmissions and Total Car Care
TypePrivate
IndustryAuto maintenance
Founded1957 (1957) (as AAMCO Auto and Truck Repair)
FoundersRobert Morgan
Anthony A. Martino
Headquarters
Horsham, Pennsylvania
,
United States
Number of locations
527
Area served
North America
Key people
Bruce Chidsey, President
ProductsTransmissions, car care
Revenue$450 million
OwnerIcahn Automotive Group
ParentAmerican Driveline Systems, Inc.
Websitewww.aamco.com

In 2006, the company was acquired by American Capital.[2] In January 2017, American Driveline Systems, the franchiser of the AAMCO and Cottman Transmission and Total Auto Care brands, was acquired by Transom Capital Group. In October of the same year, Icahn Enterprises L.P. (NASDAQ: IEP) announced it had acquired American Driveline Systems through a wholly-owned subsidiary.[3] Aamco has consistently ranked on the Entrepreneurs Franchise 500 [4]

History
AAMCO shop, Ypsilanti, MI

Anthony A. Martino started repairing automatic transmissions from leased space in an Esso shop in Philadelphia. In 1957, he founded the Anthony A. Martino Company, or AAMCO in Philadelphia, under the name AAMCO Auto and Truck Repair. This name was chosen not only to reflect the initials of the founder, but also to make it appear higher in the Yellow pages listings of the day.[5] Along with partners Richard Silva and Walter D'lutz', Martino opened several other shops in the Philadelphia area. Owing to the complexity and failure rate of automatic transmissions of the day, Martino quickly decided to drop the "Auto and Truck Repair", and focus solely on transmissions, where the company would stay focused until 2007.

In 1962, Robert Morgan approached Martino with the concept of a national chain of transmission repair stores branded as AAMCO. Martino was receptive to the idea, and the shops operated in cooperation with Silva and DeLutz were rebranded as AAMCO. The first franchise was not sold until 1963, when an AAMCO shop was opened by Ivan and Jack Ginninger in Newark, New Jersey.

In 2006, American Capital purchased AAMCO and moved the headquarters from Philadelphia to nearby Horsham, Pennsylvania.

Owing in part to the increased reliability of automatic transmissions, and thus the lengthened repair cycle, in the mid-2000s, the company rebranded to AAMCO Transmissions and Total Car Care. Today, AAMCO is the world's largest franchisor of transmission specialists and car repair shops, operating over 600 franchise stores in the United States, Canada.

AAMCO is also known for its distinctive television and radio commercials, which end with a voice saying "AAMCO, double-A [car horn beeps twice] M-C-O."

The company has made heavy use of celebrity spokespeople in its advertising, and was one of the first to use a celebrity spokesperson in a television ad. Zsa Zsa Gabor was the company's first paid spokesperson.[6]

References
  1. "Robert Morgan, 87, cofounder of Aamco Transmissions". The Philadelphia Inquirer. February 12, 2005. pp. D06. Retrieved 25 March 2010.
  2. "Transmission titans merge". Philadelphia Business Journal. March 8, 2006. Retrieved 25 March 2010.
  3. "Icahn Enterprises L.P. Acquires American Driveline Systems, Franchisor of AAMCO and Cottman Service Centers". www.businesswire.com. 2017-10-02. Retrieved 2021-04-29.
  4. "AAMCO Transmissions and Total Car Care Franchise Information". Entrepreneur. Retrieved 2020-07-20.
  5. "The History of AAMCO". AAMCO.com. AAMCO Transmissions.
  6. "Anatomy of the AAMCO Deal". Philadelphia Business Journal.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.