Greenbriar Equity Group LLC today announced the acquisition of PetroChoice. PetroChoice is a leading, value-added distributor of petroleum lubricant solutions. Greenbriar acquired the Company from KRG Capital Partners. Terms of the transaction were not disclosed.
Headquartered in Riddlesburg, Pennsylvania, PetroChoice is a leading distributor of lubricants in the Mid-Atlantic and Upper Midwest regions of the United States. In addition to lubricants, PetroChoice offers its customers value-added services including customer on-site tank systems, in-plant and off-loading filtration, application engineering expertise, coolant program expertise and expert oil analysis.
PetroChoice is actively pursuing organic growth opportunities as well as acquisitions with a focus on partnering with best-in-class lubricant distributors to expand its geographic footprint and service offerings to its customers.
“Over the past four years, the PetroChoice management team has done a terrific job executing our collective strategic vision and directing substantial growth of the Company,” said Stew Fisher, a Managing Director at KRG Capital Partners. “PetroChoice is well positioned to continue to drive growth through its broad product line, leading customer service offering and multi-regional footprint. We would like to extend our thanks to all the PetroChoice employees and wish them the best in their new partnership with Greenbriar.”
“PetroChoice has grown significantly under the leadership of KRG Capital Partners. We look forward to continuing this trajectory by now partnering with Greenbriar Equity Group,” stated Shane O’Kelly, Chief Executive Officer of PetroChoice. “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.”
About Greenbriar Equity Group LLC:
Greenbriar is a private equity firm with $1.5 billion of committed capital, 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. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at greenbriarequity.com.