SAN FRANCISCO — Private equity investment firm Golden Gate Capital has acquired Express Oil Change & Tire Engineers from Carousel Capital.
Express Oil will remain headquartered in Birmingham, Ala., and will continue to be led by its current management team, including CEO Ricky Brooks, the new owners said.
Express Oil's management and Carousel Capital will remain shareholders of the company. Financial terms of the transaction were not disclosed.
Express Oil has approximately 300 company-owned and franchised locations across 15 states offering quick oil changes, automotive maintenance and repair, and tire sales and services.