M&A Deal Summary

Strickland Brothers Acquires LOF Xpress Oil Change

On July 16, 2025, Strickland Brothers acquired automotive company LOF Xpress Oil Change

Acquisition Highlights
  • This is Strickland Brothers’ 3rd transaction in the Automotive sector.
  • This is Strickland Brothers’ 3rd transaction in the United States.
  • This is Strickland Brothers’ 1st transaction in Iowa.

M&A Deal Summary

Date 2025-07-16
Target LOF Xpress Oil Change
Sector Automotive
Buyer(s) Strickland Brothers
Deal Type Add-on Acquisition

Target

LOF Xpress Oil Change

Ankeny, Iowa, United States
LOF Xpress Oil Change drive-thru Xpress L-ube, O-il & F-ilter Change. It offers PLUS Full Service Oil Changes where all the other fluids, wipers, lights, battery, and tires are checked and filled. Additional automotive fluid services offered. LOF Xpress Oil Change is based in Ankeny, Iowa.

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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 3 of 3
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Iowa M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 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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