WASHINGTON, D.C. — The Federal Trade Commission finalized a consent order requiring divestitures tied to Valvoline Inc.’s acquisition of about 200 quick-lube oil change locations from private equity firm Greenbriar Equity Group.
The FTC said the order requires the divestiture of 45 quick-lube shops to address antitrust concerns in 25 local markets where Valvoline and Oil Changers, a Greenbriar subsidiary, directly compete in providing oil change services.
Under the terms of the final order, Main Street Auto LLC will acquire the divested locations from Greenbriar and continue operating them under the Oil Changers name.
The FTC alleged the acquisition would reduce competition in markets across California, Kentucky, Idaho, Illinois, Indiana, Michigan, Washington and Wisconsin, potentially leading to higher prices and lower-quality service for consumers seeking quick-lube oil changes.
The commission voted 2-0 to approve the final order following a public comment period.
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