Valvoline Inc. is expanding its newfound presence in Canada with an agreement to acquire the business assets of Oil Changers Inc., which has 31 franchised quick lubes in Ontario. The transaction is expected to be completed during the first quarter of fiscal 2019. Financial terms of the deal were not disclosed.
“The acquisition of Great Canadian Oil Change in July provided us with the perfect opportunity to expand our quick-lube footprint outside the U.S.,” said Valvoline CEO Sam Mitchell. “Now, with the acquisition of Oil Changers, we look forward to increasing our scale and brand presence in Canada by broadening our retail footprint in Ontario.”
Dan Marin founded Ottawa-based Oil Changers in 1996. The business has been owned by his three children, who currently operate five locations and plan to remain in the quick-lube business as franchisees.
“We are excited that the Marin family plans to remain in the business and grow their base of five stores,” said Valvoline Quick Lubes president Tony Puckett. “We look forward to working with them and all of the franchisees to grow their respective businesses, add more locations, and expand Valvoline’s Great Canadian Oil Change brand in Canada.”
All Oil Changers quick-lube centers will be rebranded as Great Canadian Oil Change.
The deal would expand Valvoline’s quick-lube network to more than 1,250 company-owned and franchised locations across Canada and the United States.