North Florida Lubes, Inc. has been acquired by Driven Brands
November 2015 — The private shareholder of North Florida Lubes, Inc. (NFL) has sold the company to Driven Brands. Financial details have not been disclosed.
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.
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.
Our role in the transaction
Oaklins' team in Jacksonville advised the seller in this transaction.
Talk to the deal team
Related deals
Valuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn moreBe-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn more