The acquisition of 56 centers grows the network to 439 locations
The previously announced acquisition of 56 Valvoline Instant Oil Change (VIOC) franchise service centers from Henley Bluewater LLC has been concluded by Valvoline Inc., following which the company now has a network of 439 locations. The acquisition was discussed as part of Valvoline’s previously announced signing of eight new development agreements with its larger franchisees, including two agreements with Henley Enterprises, Inc. Pursuant to those agreements, two of Henley’s subsidiaries will add approximately 100 stores in California and the Northeast and Mid-Atlantic regions over the next six years.
Sam Mitchell, Valvoline’s chief executive officer said, “We are very pleased to close the transaction and to add these stores and the strong team behind them to our company operations. A core element of Valvoline’s strategy is to accelerate the growth of our industry-leading quick lube model. Our plan is to grow company stores through new store builds and acquisitions and to work closely with our franchisees on their growth opportunities.”
The service model at VIOC has been built to provide a quick, easy and trusted experience for every customer, every day. Customers receive a stay-in-your-car solution for preventive maintenance services, including full-service oil changes and each vehicle manufacturer’s mileage-based services. The company’s model is built on an unwavering commitment to developing and protecting superior talent, both inside and outside its stores, and consistent execution of its proprietary tools, including point-of-sale technology, SuperProTM Management System and digital marketing platforms. PWKD04102017