Oil Changers, which has been headquartered at Hacienda since 1992, is one of the largest operators of oil change facilities on the West Coast. In March, Oil Changers announced that the company had been acquired by Greenbriar Equity Group from Trivest Partners LP. Financial terms of the transaction were not disclosed.

Matt Burke, Managing Director of Greenbriar, said, “Oil Changers is one of the few remaining independent providers of scale in the quick lube industry, a segment of the automotive aftermarket that we see benefitting from organic growth and consolidation tailwinds over the coming years. We were particularly impressed by the Company’s track record of consistent growth, which is the product of strong leadership and an unparalleled reputation for service excellence with its loyal customer base.”

Oil Changers recorded significant organic growth in 2020 despite dealing with the challenges of the Covid-19 pandemic. Through its 56 service centers, Oil Changers is recognized by consumers for its convenient, drive-through model, fast service times, and friendly and knowledgeable staff. The company provides fast oil change and related maintenance services to over 750,000 customers annually.

In 1984, automotive entrepreneur Larry Read started Oil Changers with a single location in the Bay Area. His vision was to provide a fast and convenient lube and oil experience, getting customers back on the road fast. Oil Changers was one of the first operators to develop the drive through, stay-in-your-car oil change model. Since 2018, Oil Changers has nearly doubled its locations through acquisitions and new store openings.

“From the very first meeting with Greenbriar, it was clear that they are the right partner to help our team take Oil Changers to the next level,” said Oil Changers CEO Eric Frankenberger. “Greenbriar understands our business and shares our vision for accelerating growth while maintaining a best-in-class customer experience. Our team is incredibly excited to have access to the unique resources and automotive aftermarket expertise that Greenbriar brings to the table.”

New owner Greenbriar is a private equity firm managing over $6 billion of total committed capital focused on investments in market-leading services and manufacturing businesses. Founded in 1999, Greenbriar looks to identify companies with proven management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise and strategic insight alongside its proven operating capabilities and network of senior executive relationships.

“The growth we’ve experienced over the past three years has been nothing short of amazing and has culminated in this exciting new partnership with Greenbriar,” according to Frankenberger. “First, I’d like to thank our employees. They show up every day ready to deliver the amazing customer service that separates Oil Changers from our competitors. Additionally, we would like to thank the entire team from Trivest. From their original investment in Oil Changers through the exit process, Trivest showed an incredible commitment to investing in our company and our people to help Oil Changers maximize its potential.”

For more information about Oil Changers, please visit www.oilchangers.com.