---
title: "Valvoline Expands Company-Owned Quick-Lube Network with Acquisition of Six Service Centers in Kentucky"
url: https://burnaze.com/article/f1f6ebe4-9939-49b5-a2f3-e68c90272ec0
source: "Franchising.com"
original_url: https://www.franchising.com/news/20210803_valvoline_expands_companyowned_quicklube_network_with_acquisition_of_six_se.html
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A","Development & multi-unit"]
published: 2021-08-03T12:00:00.000Z
modified: 2026-11-01T02:27:10.416Z
image: https://images.unsplash.com/photo-1555396273-367ea4eb4db5?w=1600&q=80&auto=format&fit=crop
---

# Valvoline Expands Company-Owned Quick-Lube Network with Acquisition of Six Service Centers in Kentucky

**TL;DR:** Valvoline Inc. has signed a definitive agreement to acquire six franchise-owned Valvoline Instant Oil Change service centers in Kentucky from Phoenix 27, LLC. The acquisition is expected to close in Q4 2021.

*originally published in Franchising.com on 2021-08-03. [Read the original](https://www.franchising.com/news/20210803_valvoline_expands_companyowned_quicklube_network_with_acquisition_of_six_se.html).*

## Story

LEXINGTON, Ky., Aug. 3, 2021 // PRNewswire // - Valvoline Inc. (NYSE: VVV), a supplier of automotive services and premium branded lubricants, announced today that it has signed a definitive agreement with its franchisee Phoenix 27, LLC to acquire six franchise-owned Valvoline Instant Oil ChangeSM (VIOC) quick-lube service centers located in Kentucky. The acquisition is expected to close during the fourth quarter of fiscal 2021. Financial terms for the acquisition were not disclosed.

"One of Valvoline's core business strategies is to continue to grow and strengthen our industry-leading Retail Services segment through organic store expansion and high-quality acquisitions in both existing and new markets," said Matthew Furcolo, vice president of operations, Valvoline Instant Oil Change. "When Steve Goddard, owner of Phoenix 27 LLC, made the difficult decision to sell, we knew it was the right fit to add these six service centers into Valvoline's established network of 49 Company-owned Kentucky locations. We thank Steve for entrusting the future of his business and employees to us."

## Entities

- Franchising.com (publication)
- Restaurants (sector)
- unit expansion (topic)
- acquisition (topic)
- Kentucky (location)
- Valvoline (company)
- Valvoline Instant Oil Change (company)
- quick-lube network (topic)

---
Originally reported by Franchising.com (https://www.franchising.com/news/20210803_valvoline_expands_companyowned_quicklube_network_with_acquisition_of_six_se.html). Summarized by Burnaze (https://burnaze.com/article/f1f6ebe4-9939-49b5-a2f3-e68c90272ec0).