M&A Deal Summary

Valvoline Acquires Breeze

On February 20, 2025, Valvoline acquired automotive company Breeze from Greenbriar Equity Group

Acquisition Highlights
  • This is Valvoline’s 3rd transaction in the Automotive sector.
  • This is Valvoline’s 5th transaction in the United States.
  • This is Valvoline’s 1st transaction in California.

M&A Deal Summary

Date 2025-02-20
Target Breeze
Sector Automotive
Buyer(s) Valvoline
Sellers(s) Greenbriar Equity Group
Deal Type Add-on Acquisition
Advisor(s) Jefferies
Piper Sandler & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Breeze

Pleasanton, California, United States
Breeze operates more than 200 locations and provides automotive quick lube, car wash, and repair. Breeze was founded in 1984 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

Valvoline

Lexington, Kentucky, United States

Category Company
Founded 1866
Sector Chemicals
Employees10,500
Revenue 1.6B USD (2024)
DESCRIPTION

Valvoline is a worldwide producer and distributor of branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline was founded 1866 and is based in Lexington, Kentucky.


DEAL STATS #
Overall 8 of 8
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 HAERTOL Chemie

Magdeburg, Germany

HAERTOL Chemie is a producer and supplier of premium antifreeze products and automotive services. The company developing and producing chemical products including Frostox ® antifreeze, heat transfer fluids, specialized products for automotive, power generation and other applications with sales across four continents. HAERTOL Chemie was founded in 1952 and is based in Magdeburg, Germany.

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Seller(S) 1

SELLER

Greenbriar Equity Group

Greenwich, Connecticut, 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 Greenwich, Connecticut.


DEAL STATS #
Overall 28 of 28
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 13 of 13
State: California M&A 3 of 3
Country: United States M&A 24 of 24
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Arotech

Ann Arbor, Michigan, United States

Arotech is an engineering solutions company that offers training & simulation and power systems solutions to military, law enforcement and homeland security markets. The Power Systems Division develops special-purpose batteries, smart chargers and electronic components through operations in South Carolina and Israel. The Training & Simulation Division develops, manufactures and markets advanced multi-media and interactive digital solutions for engineering, use-of-force and operator training simulations. Arotech was founded in 1990 and is based in Ann Arbor, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 West Star Aviation

East Alton, Illinois, United States

West Star Aviation is an independent maintenance, repair, and overhaul (MRO) provider that offers comprehensive services. The company’s extensive capabilities encompass airframe maintenance, paint, interior, and avionics services, supported by the largest Aircraft On Ground (AOG) technician network in the country, ensuring prompt and reliable mobile repair services nationwide. West Star Aviation was founded in 1952 and is based in East Alton, Illinois.

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