Golub Capital recently announced that as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, it provided a senior credit facility to support the acquisition of FullSpeed Automotive by CenterOak Partners.
FullSpeed Automotive, formerly Grease Monkey International, LLC, is one of the nation's largest independent franchisors of automotive quick lube centers. The Company's brands include Grease Monkey®, SpeeDee®, LubePro's® and Monkey Shine®, as well as over 40 Havoline® xpress lube® locations "Driven by Grease Monkey" in Georgia, Illinois, Wisconsin and Florida. FullSpeed Automotive rebranded from Grease Monkey International in September 2017 to reflect the variety of top-of-the-line automotive services offered across its various portfolio brands.
"CenterOak has a solid track record of identifying and generating value for high-potential mid-market consumer companies, and FullSpeed Automotive falls squarely into their wheelhouse," said Greg Cashman, Senior Managing Director at Golub Capital. "We are proud to finance this transaction and excited to continue supporting CenterOak and the growth of their portfolio companies."
"Golub Capital is a longstanding partner that has continued to deliver tailored financing solutions throughout the years we have worked together," said Randall Fojtasek, Managing Partner of CenterOak. "Their deep deal expertise and understanding of consumer retail businesses have been invaluable as we continue to add attractive companies, like FullSpeed, to our portfolio."
About Golub Capital Middle Market Lending
Golub Capital's Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million. Golub Capital's award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors' and portfolio companies' needs.
Golub Capital is a nationally recognized credit asset manager with over $20 billion of capital under management. For over 20 years, Golub Capital has provided credit to help medium-sized U.S. businesses grow. The firm's award-winning Middle Market Lending business provides financing for middle market companies and their private equity sponsors. Golub Capital's credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling financing solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit golubcapital.com.
About FullSpeed Automotive™
Founded in 1978, FullSpeed Automotive™ is one of the nation's largest independent franchisors of automotive quick lube centers. The Company's brands include: Grease Monkey®, SpeeDee®, LubePro's®, and Monkey Shine® car wash. The Company's Retail Operations division also operates Havoline® xpress lube® locations. FullSpeed Automotive is headquartered in Greenwood Village, Colorado. For more information, please visit www.fullspeedautomotive.com.
About CenterOak Partners LLC
CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the investment and portfolio management team has a strong historical track record creating significant value through operational improvement. CenterOak's senior leaders and their predecessor funds have managed over $1.8 billion of equity capital commitments and have completed over 100 acquisitions, representing over $3.3 billion in transaction value. For additional information, please visit www.centeroakpartners.com.