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Greenbriar Equity Group LLC has announced the acquisition of PetroChoice, a leading distributor of petroleum lubricant solutions, from KRG Capital Partners. Terms of the transaction were not disclosed.
Headquartered in Riddlesburg, Pa., PetroChoice is the largest distributor of consumable commercial, industrial and passenger vehicle lubricants in the Mid-Atlantic and Upper Midwest regions of the United States. It serves a diverse set of customers across a range of industries, including original equipment manufacturing, off-highway construction, surface mining, energy, metalworking, food processing and passenger automotive. The company also offers value-added services such as on-site tank systems, in-plant and off-loading filtration, application engineering expertise, coolant program expertise and expert oil analysis.
"PetroChoice has grown significantly under the leadership of KRG Capital Partners," said Shane O'Kelly, CEO of PetroChoice. “We look forward to continuing this trajectory by now partnering with Greenbriar Equity Group. Greenbriar's successful track record of building businesses, and its distribution and logistics expertise make it a terrific partner for PetroChoice going forward."
"We are very impressed with the quality and depth of experience of PetroChoice's senior management team and the leadership position the business has built in the lubricants supply chain," stated Jill Raker, managing director of Greenbriar Equity Group. "We look forward to supporting management's efforts to grow the business both organically and through strategic acquisitions, and are confident that our financial and operational resources will be a great match with the experience and commercial success of this management team."
Greenbriar Equity Group LLC is a private firm that focuses exclusively on the global transportation industry and transportation-related manufacturing, including companies in freight and passenger transport, aerospace and defense, automotive, logistics and distribution, and related sectors. For more information, visit www.greenbriarequity.com.