Valvoline Inc. Faces Additional FTC Review for Breeze Autocare Acquisition

Valvoline Inc. Faces Second FTC Request for Breeze Autocare Acquisition

Valvoline Inc. recently announced that it, alongside Greenbriar Equity Group, has received a second request from the U.S. Federal Trade Commission (FTC) regarding its proposed acquisition of Breeze Autocare. This regulatory review is a critical component of the acquisition process and extends the waiting period mandated by the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

With this second request, Valvoline and Greenbriar are now required to provide additional information and documentation about the transaction. The waiting period will continue until 30 days after they have substantially complied with these requests, unless voluntarily extended by either party or terminated earlier by the FTC.

The urgency of the situation is clear, as this additional scrutiny can significantly impact the timeline of the acquisition. Valvoline expects to finish the transaction in the second half of fiscal 2025, provided that they can resolve the FTC’s requests in a timely manner.

Despite the challenges presented by this regulatory hurdle, the company remains optimistic about the potential synergies and strategic benefits of acquiring Breeze Autocare, which is part of their broader strategy to enhance market presence and service capability in the automotive maintenance sector.

Valvoline, a well-established name in quick and trusted automotive care, operates more than 2,000 service centers across the U.S. and Canada, performing upwards of 28 million services annually. This includes essential maintenance services, such as oil changes and tire rotations, which are crucial for keeping vehicles running smoothly.

Furthermore, the company has committed to constructive engagement with the FTC, indicating their desire to navigate this process efficiently to minimize disruption to the acquisition plans. As Valvoline strives for continued growth and expansion, it is clear that this acquisition aligns closely with their operational goals and future directions.

In conclusion, while the second request from the FTC presents a challenge, it also offers Valvoline an opportunity to further solidify its market position through strategic acquisitions. As the automotive industry continues to evolve, Valvoline is working diligently to ensure that it remains a front-runner in delivering high-quality maintenance and service offerings to its customers.

About Valvoline Inc.

Valvoline Inc. (NYSE: VVV) has been recognized for its commitment to providing quality automotive service and building a reliable network of operations. The company’s workforce of approximately 11,000 team members is dedicated to enhancing the core business and expanding its diverse retail network. For those interested in learning more about Valvoline’s innovative approaches to the automotive care market, details can be found at their official site: vioc.com.

This development signifies an important phase in Valvoline's strategic expansion and sets the stage for future endeavors in enhancing vehicular maintenance solutions across North America.