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."