FTC Orders Sale of Oil Change Shops in Valvoline-Greenbriar Deal

FTC will require Valvoline and Greenbriar to divest 45 quick-lube oil change shops to address antitrust concerns tied to the $625 million deal.

• Main Street Auto will acquire the divested sites from Greenbriar under terms of FTC’s proposed divestiture order
• Consent agreement is open to 30 days of public comment
• NOTE: Valvoline, Greenbriar Equity Agree to Extend Termination Date
  • Valvoline to Acquire Breeze Autocare for About $625M in Cash

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Lin Cheng in New York at lcheng97@bloomberg.net

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