We are pleased to announce the sale of our client, Central Lube & Wash to Strickland Brothers. The acquisition closed July 21, 2021.
Central Lube & Wash is comprised of two separate auto repair shops: Sco Mar LLC d/b/a Central Lube & Wash in Smithfield, North Carolina, and Citgo Quik Lube of Clayton, Inc. d/b/a Central Lube Car Care in Clayton, North Carolina (collectively known as Central Lube or “the Company”). Central Lube provides oil changes, state inspections, and vehicle maintenance services such as serpentine belt, air filter, transmission fluid, fuel filter, and fluid replacements, among other services.
Strickland Brothers is independently owned and operated and offers fast and friendly oil change services, along with a variety of preventative maintenance services for any vehicle. Drive thru oil changes, tire rotations, vehicle inspections, fleet service programs and a variety of other car maintenance services are also offered. Headquartered in Thomasville, North Carolina, the Company has multiple locations and is actively pursuing franchisees to expand the brand.
Tim Matthews, Owner of Central Lube & Wash, said “We began our journey to evaluate and or sell our business in October 2020. We associated with Generational Equity shortly thereafter. We were well informed about what would take place as we maneuvered through the process. Upon deciding to move forward and sell our business we were teamed up with Genell Boyer.”
Matthews added, “Genell did an excellent job of making sure we were moving in the right direction with the correct information for us to make the many decisions presented to us along the way. Genell introduced us to several professionals who provided the proper information during the process to make critical decisions. It is hard to imagine being on the journey of selling your business without the guidance we received. Genell worked hard to keep us focused on the objective.”
“Strickland Brothers is very excited to continue to build on the amazing culture that Tim Matthews & Central Lube have built since inception. We look forward to serving the communities of Smithfield and Clayton,” stated Justin W. Strickland, CEO/President of Strickland Brothers.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Genell Boyer, with the support of Vice President Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director, Doug Morrow established the initial relationship with Central Lube & Wash.
“I was amazingly impressed with Tim Matthews & Justin Strickland and their teams. They worked efficiently, and diligently and showed me that when you want to get a deal done you get it done. I am anticipating a great future for both teams!” said Boyer.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Equity, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Equity to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Equity is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Honored to win 4-time winner of Investment Banking Firm of the Year.
Over 50 awards and counting.
Sign up to receive regular email updates, industry-leading insights and details on complimentary M&A executive conferences in your area from our award-winning team
Success, you have been added to our list.