M&A Deal Summary

Greenbriar Equity Group Acquires Oil Changers

On March 8, 2021, private equity firm Greenbriar Equity Group acquired automotive company Oil Changers from Brick Investment Partners and Trivest Partners

Acquisition Highlights
  • This is Greenbriar Equity Group’s 4th transaction in the Automotive sector.
  • This is Greenbriar Equity Group’s 27th transaction in the United States.
  • This is Greenbriar Equity Group’s 5th transaction in California.

M&A Deal Summary

Date 2021-03-08
Target Oil Changers
Sector Automotive
Buyer(s) Greenbriar Equity Group
Sellers(s) Brick Investment Partners
Trivest Partners
Deal Type Secondary Buyout

Target

Oil Changers

Pleasanton, California, United States
Oil Changers is an independent quick lube service company. Oil Changers focuses exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements. Oil Changers was founded in 1996 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 32 of 45
Sector (Automotive) 4 of 7
Type (Secondary Buyout) 14 of 20
State (California) 5 of 7
Country (United States) 27 of 40
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 SEKO

Schaumburg, Illinois, United States

SEKO is a global non-asset-based 3PL provider offering a complete set of technology-enabled supply chain logistics solutions, including freight forwarding, transportation management, contract logistics and warehousing services. SEKO was founded in 1976 and is based in Schaumburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Nordco

Oak Creek, Wisconsin, United States

Nordco is a provider of highly-engineered equipment, parts and services to the railroad maintenance-of-way, railcar moving and rail flaw detection sectors. Nordco was founded in 1926 and is based in Oak Creek, Wisconsin.

Sell $400M

Seller(S) 2

DESCRIPTION

Brick Investment Partners LLC is a private equity firm focused on investing in small and middle-market private businesses. Prospective transaction situations include non-core divestitures, management looking for liquidity, and families facing generational transitions. The Firm prefers profitable companies ($3 to $10 million of EBITDA) and will consider opportunities throughout the US and Canada. Areas of focus include manufacturing, business services, healthcare services, industrial services, energy, fuels, chemicals, transportation, and aerospace. Brick Investment Partners LLC is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Oil Changers

Pleasanton, California, United States

Oil Changers is an independent quick lube service company. Oil Changers focuses exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements. Oil Changers was founded in 1996 and is based in Pleasanton, California.

Buy -
SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 29 of 38
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 13 of 18
State (California) 3 of 3
Country (United States) 26 of 34
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Growth Ortho

New York, New York, United States

Growth Ortho has developed a new approach to managed service organizations (MSO) for orthopedic practices. Using its specific knowledge of this area of medicine, Growth Ortho can support surgeon recruiting, deliver technological advancements, improve administrative efficiency, and more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 REDCON1

Boca Raton, Florida, United States

REDCON1 is a sports nutrition brands. REDCON1 offers a diversified set of products to over 80 countries worldwide. REDCON1’s products appeal to wide range of consumers and athletes of all skill levels and can be found online direct and at retail outlets including Walmart, Vitamin Shoppe, Meijer’s, Dick’s Sporting Goods, GNC, 24 Hour Fitness and at military exchanges and commissaries.

Buy -