Helping Mr. Lube achieve deal success

20/08/2015

PwC Deals successfully closes Mr. Lube transaction

Mr. Lube Canada Limited Partnership ("Mr. Lube") is a complete automotive maintenance services provider and Canada's largest quick lube brand. Founded in 1976, Mr. Lube pioneered the Canadian quick lube industry, a category of automotive servicing focused on convenience with no appointment necessary. Mr. Lube's network of 170 stores are operated by a national network of franchisees.  

In early 2015, our Deals team at PwC Corporate Finance Inc. was retained by Mr. Lube as its exclusive financial advisor to maximize value for the owners.

We led all aspects of the deal process, which included:

  • identifying potential acquirers;
  • marketing the business;
  • advising on negotiations and structuring;
  • assisting with definitive agreements; and
  • ultimately closing the transaction.

Deal success achieved!

Mr. Lube attracted significant interest from both local and international acquirers that we had identified and contacted. On August 19, 2015, Diversified Royalty Corp. acquired the trademarks and certain other intellectual property of Mr. Lube for approximately $138.9 million.

Contact us

Jim Crooks
Partner, PwC Canada
Tel: +1 604 806 7306
Email

Jim McGuigan
BC Region Managing Partner, PwC Canada
Tel: +1 604 806 7594
Email

Brad Hill
Managing Director, PwC Canada
Tel: +1 604 806 7106
Email