Valvoline Expands Company-Owned Quick-Lube Network In Las Vegas

Valvoline Expands Company-Owned Quick-Lube Network In Las Vegas

The company has signed a definitive agreement with Terrible Herbst, a regional operator, to purchase 12 existing quick-lube centers, which will be rebranded as Valvoline Instant Oil Change (VIOC). In addition, the company recently acquired three existing VIOC service centers from a franchisee.

Valvoline Inc. has announced plans to expand its company-owned quick-lube network into the Las Vegas market beginning with two acquisitions.

The company has signed a definitive agreement with Terrible Herbst, a regional operator, to purchase 12 existing quick-lube centers, which will be rebranded as Valvoline Instant Oil Change (VIOC). This acquisition is expected to close by the end of the month. In addition, the company recently acquired three existing VIOC service centers from a franchisee. Financial terms of the acquisitions were not disclosed.

“A core element of Valvoline’s business strategy is 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. “These two acquisitions will further expand our reach into markets where we previously had little presence. Our acquisition of the three VIOC franchised stores will enable our franchisee to focus on expanding its operations in the Albuquerque and Denver markets. Overall, this base of 15 company-owned locations will give us a great foundation to build on within the growing Las Vegas market.”

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