Franchise Equity Partners has brought on former Lithia & Driveway executive Chris Holzshu as an operating partner at the private equity firm.

During his 20-plus years at Lithia, Holzshu held such leadership posts as executive vice president, chief operating officer and chief financial officer.

“Chris brings a deep understanding of what it takes to build and run an enduring business in the automotive industry, and we’re thrilled to welcome him to the FEP team,” FEP co-founders and co-managing partners Mike Esposito and Scott Romanoff said in a news release.

“His experience strengthens our investment capabilities and expands the resources we can offer prospective partners. There is exciting momentum across our automotive business, and we see a significant opportunity to bring FEP’s capital and resources together with talented automotive operators. We look forward to working with Chris to identify and pursue those opportunities.”

In his new position at FEP, Holzshu will help broaden the company’s auto investment strategy and capabilities. He will work with the investment and operating teams at FEP to identify and evaluate opportunities within automotive, while working with dealership owners, brokers and management teams looking to partner with the company.

“I have spent the majority of my career helping build and grow teams in the automotive industry, and I have seen firsthand how success is based on high-performing leaders who leverage disciplined execution and lasting customer and OEM relationships to deliver results,” Holzshu said.

“FEP shares that appreciation for what makes these businesses successful and has created a differentiated model designed to provide flexible, long-term capital and resources to help owners and operators achieve their ambitions. I’m excited to draw on my experience and relationships to help FEP expand its presence in an industry I know well.”