Valvoline Inc., a leading worldwide supplier of premium branded lubricants and automotive services, has signed a definitive agreement with its franchisee AWC Premium Automotive Service Ltd. to acquire 16 franchise-owned Valvoline Instant Oil Change (VIOC) quick-lube service centers located in metro Dallas and east Texas. The acquisition is expected to close during the third quarter of fiscal 2021. Financial terms for 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 our core and new markets,” said Tony Puckett, senior vice president and president, Valvoline Quick Lubes. “Bill Cavalle, owner of AWC Premium Automotive Service Ltd., has been instrumental in establishing the Valvoline brand as a trusted name in service for customers in the greater Dallas area. We thank Bill for entrusting the future of his employees and business to us and look forward to welcoming these 16 service centers into our rapidly-growing Company-owned network in Texas.”

“When I made the decision to retire after nearly 20 years as a VIOC franchisee, my priority was the future professional opportunities of my employees,” said Bill Cavalle, owner of AWC Premium Automotive Service Ltd. “I have peace of mind knowing they will be in the best hands possible.  I look forward to watching their journey as they become Company-store team members. Valvoline has been a tremendous business partner.”