Idaho Falls, ID – June 7, 2024 – Alturas Capital Partners and Saranac Holdings have broken ground on a new Take 5 Oil Change location, the first in Eastern Idaho.  

The new Take 5 Oil Change, located at 925 E. 17th Street, Idaho Falls, Idaho 83404, is set to bring the drive-thru oil change service to the residents of Idaho Falls and the surrounding communities. This will be the first of several locations planned for Eastern Idaho, and the fourth in the state.  

Rick Pierce, owner of Saranac Holdings and the franchisee for Take 5 in Idaho as well as parts of Oregon, and Washington, is enthusiastic about the new venture. “We look forward to bringing Take 5 Oil Change’s simple, fast, and friendly model to Idaho Falls. The Take 5 service fits the lifestyle of the everyday Idahoan,” said Pierce. “Our customers remain in the comfort of their vehicle throughout the service, and we get them on their way in about 10 minutes.” Take 5 Oil Change is a growing leader in the quick oil change industry, providing 10-minute oil changes to customers while they stay in their vehicles. 

Pierce and his team have partnered with Alturas Capital Partners, a commercial real estate investment and development firm based in Boise, Idaho, to ensure that Take 5 locations are strategically placed for maximum convenience.  

Pierce is not only bringing convenient service for cars to Idaho Falls with Take 5, he is also bringing career opportunities with abundant growth potential. “When we look at how many locations we would like to have in the future here, we have a great opportunity for some of our employees to grow with us, take on more responsibilities and see success in their careers.” Take 5 has built growth opportunities for employees into their culture with the Take 5 “Pit Tech to President Program”, which operates on the idea that a technician can advance to a leadership position within the company. Both Pierce and Alturas Capital Partners anticipate that the new Take 5 locations will not only meet the automotive service needs of the community but also contribute positively to the local economy by creating jobs and offering career advancement opportunities. 

About Take 5 Oil Change: 

Established in 1984, Take 5 Oil Change provides quick, convenient, and high-quality oil change services while customers stay in their vehicles. The brand also provides other services such as air filter replacement, wiper blade changes, and coolant exchanges. Take 5 operates more than 1000 company-owned and franchised service centers across the United States and Canada.  

About Alturas Capital Partners: 

Alturas Capital Partners is a real estate investment and operating company based in Boise, Idaho. Alturas Capital Partners owns and operates real estate throughout the Western United States, with an emphasis on the Intermountain West and Inland Northwest. The company has been built on long-term partnerships with investors, brokers, and tenants, and its mission is to provide value to these partners. The company acquired its first property in 2015 and has grown significantly to approximately $600 million in assets under management. Alturas Capital Partners is currently seeking to acquire additional assets in the growth markets of the United States. Visit alturascapital.com for more information.