Valvoline Inc. has announced that it plans to acquire 14 quick-lube locations that will expand its company-owned service center network in Texas.
The company has signed a definitive agreement with Kent Lubrication Centers Ltd. (doing business as Avis Lube) to purchase its existing quick-lube centers which will be rebranded as Valvoline Instant Oil Change (VIOC) service centers. This acquisition is expected to close in the company’s first quarter of fiscal 2021. Financial terms of the acquisition were not disclosed.
“A core element of Valvoline’s business strategy is to continue to grow and strengthen our industry-leading quick-lube network through organic store expansion and high-quality acquisitions in both core and new markets.” said Tony Puckett, senior vice president and president, Valvoline Quick Lubes. “With Avis Lube’s focus on customer service and employee professional training, their culture is an excellent fit for the Valvoline brand. These 14 service centers in the Midland/Odessa area will enable us to expand deeper into Texas beyond our current base of company and franchise service centers in the Houston, Dallas, San Antonio and Austin markets.”
“As an owner, it was a bittersweet decision to sell,” said Bill Kent, owner of Kent Lubrication Centers Ltd. “After getting to know the excellent management team at Valvoline, I realized I could not have found a better company to provide my loyal Avis Lube team members with the continued career and growth opportunities they deserve. The Valvoline Instant Oil Change quick- lube team shares our same commitment to trusted service. I want to thank my team for their hard work and commitment to making Avis Lube a premier quick-lube chain over the past 44 years. I am confident our team members and guests will find Valvoline an excellent new owner in the communities that Avis Lube has had the honor to serve.”