AAMCO is an American transmission-repair franchise founded by Robert Morgan and Anthony A. Martino during 1963 in Philadelphia, Pennsylvania. Martino eventually ended his affiliation to manage the MAACO autobody-shop franchise, but Morgan stayed on with his son, Keith Morgan, succeeding him as CEO. On March 8, 2006, American Capital purchased AAMCO Transmissions. The first AAMCO franchise opened during September 1963 in Newark, New Jersey. With the direction of Robert Morgan, the business has expanded to franchises across North America. Today, AAMCO is the world’s largest franchise system of transmission specialists. AAMCO has about 850 franchises open in the United States, Canada, and Puerto Rico.