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VVV - Valvoline To Acquire Certain Minit Lube Locations
Valvoline Inc.
Quick Take
Valvoline (VVV) said it would acquire certain assets of Minit Lube in Canada for an undisclosed amount.
Minit Lube has developed a network of automobile oil change service centers.
VVV is acquiring the locations to operate them as company-owned stores as it expands its focus on a transition toward a more ‘service-driven’ business model.
Target Company
Alberta, Canada-based Minit Lube was founded in 1978 by the Robinson family to develop owned and franchised oil change retail locations for autos and small trucks.
Management is headed by Vice President of Operations Paul