The private shareholder of North Florida Lubes, Inc. (NFL) has sold the company to Driven Brands. Financial details have not been disclosed.
Driven Brands manages a family of automotive brands including; 1-800 Radiator, CARSTAR, MAACO, Meineke Car Care Centers, Merlin 200,000 Mile Shops, Pro Oil Change and Econo Lube & Tune. The companies provide automotive car care solutions. Driven Brands is a portfolio company of Roark Capital Group, a private equity firm based in Atlanta, Georgia.
North Florida Lubes, Inc. (NFL) is the leading independent operator of Havoline Xpress Lubes (Xpress Lubes) quick lube service shops in the USA. The company was founded in 1995. Over the past 20 years, NFL has expanded from two stores located in Jacksonville, Florida, to 67 stores located throughout central and northeastern Florida and southeastern Georgia. NFL offers a variety of services including: full service oil changes, transmission fluid service, fuel injection replacement, air filter replacement, car wash and other related services.
Oaklins' team in Jacksonville advised the seller in this transaction.
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