PwC Corporate Finance advises Lube City on its sale to Motosel and BDC Capital
PwC Corporate Finance* acted as exclusive financial advisor to the shareholders of Lube City Corp. (“Lube City” or the “Company”) on their sale to Motosel Industrial Group Inc. (“Motosel”) and BDC Capital.
Founded in 1990, Lube City is one of the largest Canadian owned operators of quick service oil changes with 27 locations across Alberta. The Company offers a full suite of manufacturer warranty-approved automotive maintenance services, including oil changes, engine and transmission flushes, filter replacements, wiper blade replacements, and other regular automotive maintenance services. Through this new strategic relationship with Motosel, Lube City is able to control its oil supply chain and continue to offer customers the highest-quality products, which are warranty-approved by all major original equipment manufacturers (OEMs).
Motosel is a leading manufacturer and distributor of motor oil, lubricants and other petrochemical products available in over 1,000 retail locations across Canada. BDC Capital is the investment arm of BDC and with more than $3 billion under management it offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses. With Motosel's involvement in the business and BDC Capital's minority equity investment, Lube City remains one of the few chains of quick service oil change businesses owned and operated by Canadians.
*PricewaterhouseCoopers Corporate Finance Inc. acted as advisor and was assisted by PricewaterhouseCoopers Corporate Finance LLC (collectively, "PwC Corporate Finance") with respect to US persons. PricewaterhouseCoopers Corporate Finance Inc. is owned by PricewaterhouseCoopers LLP (Canada). PricewaterhouseCoopers Corporate Finance LLC is owned by PricewaterhouseCoopers LLP (US) and is a registered broker dealer and a member of FINRA and SIPC. Both PricewaterhouseCoopers LLP Canada and US are member firms of the PricewaterhouseCoopers Network.
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