Valvoline receives FTC second request on Breeze Autocare acquisition

April 11, 2025 – Lexington, KY – Valvoline Inc. (NYSE: VVV) announced that it and Greenbriar Equity Group, L.P. have received a Second Request from the U.S. Federal Trade Commission (FTC) regarding the proposed acquisition of Breeze Autocare. The request is part of the regulatory review process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

The Second Request extends the waiting period for the transaction until 30 days after both parties have substantially complied with the FTC's request for additional information and documents, unless extended or terminated sooner.

Valvoline stated that the completion of the acquisition remains subject to this regulatory review and other customary closing conditions. The company continues to work constructively with the FTC and expects to close the transaction in the second half of fiscal 2025.

The proposed acquisition of Breeze Autocare, including its Oil Changers stores, aligns with Valvoline’s strategy to grow its retail service network and enhance shareholder value.

Valvoline operates more than 2,000 franchised and company-operated service centers across the U.S. and Canada, performing over 28 million services annually. The company is focused on growing its core business and preparing for evolving vehicle technologies.