M&A Deal Summary

Valvoline Acquires Minit Lube - Certain Business Assets

On August 22, 2019, Valvoline acquired automotive company Minit Lube - Certain Business Assets from Minit Lube

Acquisition Highlights
  • This is Valvoline’s 2nd transaction in the Automotive sector.
  • This is Valvoline’s 2nd transaction in Canada.
  • This is Valvoline’s 1st transaction in Alberta.

M&A Deal Summary

Date 2019-08-22
Target Minit Lube - Certain Business Assets
Sector Automotive
Buyer(s) Valvoline
Sellers(s) Minit Lube
Deal Type Divestiture

Target

Minit Lube - Certain Business Assets

Calgary, Alberta, Canada
Minit Lube - Certain Business Assets provides automotive services.

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Buyer(S) 1

Buyer

Valvoline

Lexington, Kentucky, United States

Category Company
Founded 1866
Sector Chemicals
Employees9,600
Revenue 1.4B USD (2023)
DESCRIPTION

Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline markets Eagle One appearance products, Zerex antifreeze, SynPower performance products, Pyroil automotive chemicals and MaxLife products created for higher-mileage engines. Valvoline was founded 1866 and is based in Lexington, Kentucky.


DEAL STATS #
Overall 6 of 7
Sector (Automotive) 2 of 2
Type (Divestiture) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Terrible Herbst - 12 quick-lube centers

Las Vegas, Nevada, United States

Terrible Herbst, Inc. - 12 quick-lube centers operate gas stations in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Valvoline - Global Products Business

Lexington, Kentucky, United States

Valvoline's Global Products Business includes retail services and global products businesses.

Sell $2.7B

Seller(S) 1

SELLER

Minit Lube

Calgary, Alberta, Canada

Category Company
Founded 1978
Sector Automotive
DESCRIPTION

Minit Lube is a provider of automotive Oil Change, Lubrication, and other regular maintenance services. Minit Lube was founded in 1978 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1