M&A Deal Summary

Valvoline Acquires Terrible Herbst - 12 quick-lube centers

On March 5, 2019, Valvoline acquired retailer Terrible Herbst - 12 quick-lube centers from Terrible Herbst

Acquisition Highlights
  • This is Valvoline’s 2nd transaction in the Retail sector.
  • This is Valvoline’s 4th transaction in the United States.
  • This is Valvoline’s 1st transaction in Nevada.

M&A Deal Summary

Date 2019-03-05
Target Terrible Herbst - 12 quick-lube centers
Sector Retail
Buyer(s) Valvoline
Sellers(s) Terrible Herbst
Deal Type Divestiture

Target

Terrible Herbst - 12 quick-lube centers

Las Vegas, Nevada, United States
Terrible Herbst, Inc. - 12 quick-lube centers operate gas stations in US.

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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 5 of 7
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 3
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 VCA Solutions

Lexington, Kentucky, United States

VCA Solutions is a global distributor of automotive lead-acid and AGM batteries. Today, nearly 1,300 VIOC company-operated and franchise-owned service center locations use VCA for their battery solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Minit Lube - Certain Business Assets

Calgary, Alberta, Canada

Minit Lube - Certain Business Assets provides automotive services.

Buy -

Seller(S) 1

SELLER

Terrible Herbst

Las Vegas, Nevada, United States

Category Company
Founded 1937
Sector Retail
DESCRIPTION

Terrible Herbst, Inc. is an owns and operator of gas stations. Terrible Herbst was founded in 1937 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1