Sale of EZ Lube Chain FinalTuesday, March 13, 2012
The sale of Costa Mesa-based EZ Lube LLC to competitor Valvoline Instant Oil Change has closed.
EZ Lube, which was owned by New York-based Goldman Sachs Specialty Lending Group LP, was sold to Henley Pacific LA, the West Coast affiliate of Newton, Mass.-based Henley Enterprises Inc.
Henley is the largest franchisee of Lexington, Ky.-based Valvoline Instant Oil Change.
Terms of the deal, which officially closed March 8, are undisclosed.
The 72-unit EZ Lube chain will undergo a rebranding over the next six months, converting to Valvoline stores.