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The company expanded to a few hundred locations throughout the United States and Canada and became the nation's second-largest chain of transmission repair shops. In April 2004, American Capital invested $46 million in the acquisition of Cottman Transmission and purchased the company for $77.3 million including the investment.
It sells performance auto parts, aftermarket accessories, tools, and race apparel. JEGS was founded by Jeg Coughlin Sr. in 1960 as a small speed shop. Jeg's remained family owned and operated until 2022 when a majority stake of the company was purchased by Greenbriar Equity Group.
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."
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Original equipment came from destroyed Detroit Transmission plant in Livonia in 1953; began as the Ford B-24 Liberator bomber plant in World War II which opened in 1941, grew from 3,500,000 square feet to nearly 5 million square feet under GM. Ford built the factory and sold it to the US government, which leased it back to Ford for the duration ...
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