One of the automotive sector’s most well-known brands is purchasing a family-owned Ottawa business as it looks to expand its footprint outside the U.S.
Valvoline, which sells motor oil and provides automotive services, says it’s buying Ottawa-based Oil Changers. The local firm has 31 franchised quick-lube centres, which also provide vehicle maintenance and emission testing services, in Ontario that will be rebranded as Great Canadian Oil Change.
Financial terms of the transaction, which is expected to close in the first quarter of 2019, were not disclosed.
Daniel Marin founded the Ottawa company in 1996 through his purchase of Lube Factory Inc., which at the time consisted of eight franchises. Over the years, the company added nearly two dozen additional franchises that extended its network across southern and eastern Ontario, including five locations in Ottawa.
In January 2009, Marin sold the company to his three children: Thomas, Julia and Jonathon, according to the company’s website.
Valvoline says they plan to remain in the quick lube business as franchisees.
The acquisition gives the Kentucky-based firm more than 1,250 corporately owned and franchised quick-lube centres across Canada and the United States.