MIAMI, FL – (February 27, 2018) Trivest Partners (“Trivest”) announces it has recapitalized Oil Changers, Inc. (“Oil Changers” or the “Company”). This transaction marks the 16th platform investment of Trivest Fund V.
Oil Changers is one of the largest independent oil change operators in the United States with 34 locations, primarily in California’s Bay Area. Over its 30+ year history, the Company has built a leading market position in the Bay Area, developing a reputation for exceptional customer service. The Company focuses exclusively on oil changes and other fluid services, providing superior speed and convenience for its customers compared to competitors that heavily focus on repair and maintenance services. This service model has driven best-in-class margins and average ticket growth relative to the industry.
Oil Changers is well-positioned to become the leading oil change operator in the Western United States. Due to its scale and reputation for service, the Company is poised to drive further market share gains through new store expansion and acquisitions in the coming years.
For additional information, please visit oilchangers.com.
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $6.0 billion in value. For additional information, please visit www.trivest.com.
