M&A Deal Summary

Strickland Brothers Acquires Central Lube

On August 6, 2021, Strickland Brothers acquired automotive company Central Lube

Acquisition Highlights
  • This is Strickland Brothers’ 2nd transaction in the Automotive sector.
  • This is Strickland Brothers’ 2nd transaction in the United States.
  • This is Strickland Brothers’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-08-06
Target Central Lube
Sector Automotive
Buyer(s) Strickland Brothers
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Central Lube

Clayton, North Carolina, United States
Central Lube provides oil changes, state inspections, and vehicle maintenance services such as serpentine belts, air filters, transmission fluid, fuel filters, and fluid replacements, among other services. It is comprised of two separate auto repair shops Sco Mar LLC in Smithfield, North Carolina, and Citgo Quik Lube of Clayton, Inc. in Clayton, North Carolina.

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Buyer(S) 1

Buyer

Strickland Brothers

Winston-Salem, North Carolina, United States
Category Company
Founded 2016
Sector Automotive
DESCRIPTION

Strickland Brothers operates and offers fast and friendly oil change services, along with a variety of preventative maintenance services for vehicle drive thru oil changes, tire rotations, vehicle inspections, fleet service programs and much more. Strickland Brothers was founded in 2016 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Express Lube of Tennessee

Shelbyville, Tennessee, United States

Express Lube of Tennessee, Inc. (ELT) provides oil changes as well as other automotive maintenance and repair services. Express Lube of Tennessee is based in Shelbyville, Tennesee.

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