By Generational EquityOct 6, 2020, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Express Lube of Tennessee, Inc., to Strickland Brothers 10 Minute Oil Change. The acquisition closed September 21, 2020 and details were not disclosed.
Express Lube of Tennessee, Inc. (ELT), located in Shelbyville, Tennessee, with additional locations in Lawrenceburg and Tullahoma, Tennessee, provides oil changes as well as other automotive maintenance and repair services. Each location is strategically located in high-traffic areas for customer convenience and exposure. Since inception, ELT has differentiated itself through superior customer service, professionalism, and quality service with quick turnaround time.
Strickland Brothers, with multiple locations throughout the Southeast, is independently owned and operated and offers fast and friendly oil change services, along with a variety of preventative maintenance services for any vehicle. Services include drive-thru oil changes, tire rotations, vehicle inspections, fleet service programs and much more. Their mission is to exceed the expectations of every customer by setting and meeting service standards that are innovative and centered around the highest level of service, every time.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss, and his team, led by Managing Director, Mergers & Acquisitions, Sam Sumner, with support from V.P. Mergers & Acquisitions, Jacob Mangalath, successfully closed the transaction. Senior Managing Director Terry Stidham established the initial relationship with ELT.
“This was a marriage between two customer-first oriented companies. The acquisition of ELT provides Strickland Brothers its first entry into Tennessee,” said Sumner.
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