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However, a ban on smoking and weak gasoline prices hurt the company's profits. [13] The company went into Chapter 11 bankruptcy in 2009, and the Herbst family gave up its ownership stake. Herbst Gaming subsequently changed its name to Affinity Gaming and dropped its use of the Terrible's name. Terrible Herbst mascot sign at the Neon Museum
By this time, Express Oil Change operated 172 company- and franchise-owned locations across 10 states. [6] In 2013, as Express Oil Change had expanded to nearly 200 locations across 13 states, Carousel Capital reacquired the company from Thompson Street. [7] Expresst acquired Birmingham-based Tire Engineers, a company with seven locations. [8]
The company was the nation's 18th largest oil change company in 1997. [4] That year Oil Can Henry's signed a deal with Valvoline that included loan guarantees, payments to franchisees to help cover start-up costs, and a discount on oil. [4] By April 2007, the company had grown to 67 locations, with ten of those as company-owned shops. [5]
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