Valvoline to acquire assets of Minit Lube in Alberta, Canada
Valvoline Inc., a leading worldwide supplier of premium branded lubricants and automotive services, announced that it has signed a definitive agreement to acquire certain business assets of Minit Lube in Alberta, Canada. The acquisition is expected to be completed during the fourth quarter of fiscal 2019. Financial terms were not disclosed.
Minit Lube, based in Calgary, Alberta, was founded in 1978. It launched the first quick lube service center in Alberta and currently includes six service centers. Valvoline will acquire four service centers, which will become Valvoline company-owned stores. Valvoline will franchise the remaining two service centers to the existing owner. All Minit Lube centers are expected to be rebranded as Valvoline Great Canadian Oil Change. This acquisition will expand Valvoline’s existing quick-lube network of more than 1,350 company-owned and franchised locations across Canada and the United States.
“My family started Minit Lube in 1978,” said Paul Robinson, Minit Lube owner and vice president of operations. “We are proud and thankful to have served our fleet and retail customers in Calgary for over 40 years. Selling the family business has not been an easy decision, but we are confident that Valvoline shares our values and belief in high-quality products, convenient locations and the best customer service staff in the business.”
“In 2018, the acquisition of Great Canadian Oil Change and Oil Changers provided us with the ideal opportunity to expand our quick-lube service model outside the U.S.,” said Tony Puckett, president, Valvoline Quick Lubes. “The Minit Lube acquisition is significant for Valvoline because it will establish our first company-owned service centers in Canada. We think Minit Lube is a natural fit because of the focus on an outstanding customer service experience that Paul and his team have developed. We look forward to serving the communities in Alberta under the Valvoline Great Canadian Oil Change Brand.”