Greenbriar Equity Group (Greenbriar) has acquired Oil Changers, one of the largest operators of quick lube facilities on the West Coast, from Trivest Partners LP. Financial terms of the transaction have not been disclosed.
Founded in 1984, Oil Changers provides fast oil change and related maintenance services to over 750,000 customers annually through its 56 service centres. Oil Changers will continue to be led by CEO Eric Frankenberger and its long-tenured executives and service centre managers.
Matt Burke, Managing Director of Greenbriar, says: “Oil Changers is one of the few remaining independent providers of scale in the quick lube industry, a segment of the automotive aftermarket that we see benefitting from organic growth and consolidation tailwinds over the coming years. We were particularly impressed by the Company’s track record of consistent growth, which is the product of strong leadership and an unparalleled reputation for service excellence with its loyal customer base. We look forward to partnering with Eric and the entire management team to further expand the platform.”
Source: Private Equity Wire
