04/11/2025

Valvoline to Acquire Breeze Autocare, Add Nearly 200 Stores

Source: aftermarketNews

Valvoline announced it has signed a definitive agreement to acquire Breeze Autocare from Greenbriar Equity Group, a middle market private equity firm. Breeze Autocare operates nearly 200 stores across 17 states, predominantly under the Oil Changers brand. Valvoline said it will acquire the business for approximately $625 million in cash, which Valvoline intends to fund with a newly issued Term Loan B.

Breeze Autocare is an independent provider of automotive quick lube and other preventive maintenance services with an extensive footprint of company-owned stores across California, Texas and the Midwest. According to Valvoline, Breeze Autocare generated $200 million in net sales for its most recent year-end.

With Valvoline’s goal to grow its network to more than 3,500 stores, the addition of Breeze Autocare will bring the total store count to more than 2,200 locations across North America. Valvoline said it expects its track record of successful acquisition integration and operational capabilities will drive meaningful transaction growth and unlock long-term synergies. Initially, the Breeze Autocare stores will continue to operate under their current branding. Valvoline added it is developing its long-term integration plan which may include the possible refranchising of certain stores.

“Welcoming Breeze Autocare into the Valvoline network allows us to immediately add nearly 200 stores that are geographically complementary and will expand our customer reach,” said Lori Flees, president and CEO of Valvoline. “This acquisition will accelerate our growth and earnings potential while enhancing our already strong cash flow profile. Our aligned cultures of putting people first and our track record of successfully integrating acquisitions give us confidence in our ability to deliver sales and profit growth.”

“Valvoline has been a respected name in preventive maintenance for decades and we look forward to joining forces with them,” said Eric Frankenberger, president and CEO of Breeze Autocare. “I believe our combined expertise and culture will benefit our team members and customers for years to come.”