Terms of the deal, which closed Dec. 11, were not disclosed.
Thirteen of the lube centers sold off are located in Texas, and the others are in Florida, Pennsylvania, Minnesota, Missouri, Washington and Wisconsin.
Former employees of Mister Oil Change should have bright futures with Valvoline, said John Lai, president and CEO of the privately owned Mister Car Wash, citing each companyâs commitment to customer service. His company will focus on expanding its core car-wash business.
âWe will continue to work as close neighbors, and we know that their success is our success,â Lai said in prepared remarks announcing the sale. âAt the same time this sale allows Mister Car Wash to focus on expanding its car washes through new build locations and acquisitions.â
Mister Car Wash to Divest Its Mister Oil Change Express Locations
Divestiture Positions Company for Focused Car Wash Growth in 2021
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TUCSON, Ariz., Dec. 14, 2020 /PRNewswire/ Mister Car Wash
®, the nation s largest car wash company, has announced the sale of its 27 Mister Oil Change Express
® locations to Valvoline Instant Oil Change
SM in a transaction that closed December 11, 2020.
John Lai, president and CEO of Mister Car Wash, expressed his faith in Valvoline s commitment to serving their new employees, customers, and communities during the transition and beyond. As we continue building a world-class car wash company, we are confident that our Mister Oil Change Express team members will find a bright future in their careers with Valvoline, as they share our commitments to customer service and the communities in which they work, said Lai. We will continue to work as close neighbors, and we know that their success is our success