Greenbriar Equity Group acquired lubricants distributor PetroChoice from private equity firm KRG Capital Partners. Terms were not disclosed.
Riddlesburg, Pa.-based PetroChoice was the lubricant distributing holding company of KRG Capital Partners, a Denver-based private equity investment firm. Other lubricants distributors under PetroChoice include Tri-County Petroleum, acquired in December 2007, the automotive division of Loos and Dilworth, acquired in April 2009, and Wisconsion-based Anderson Lubricants, acquired in April 2011. Tri-County Petroleum and Loos and Dilworth are in the northeastern United States.
Stew Fisher, a managing director at KRG Capital Partners, said PetroChoice has experienced substantial growth over the past four years. PetroChoice is well positioned to continue to drive growth through its broad product line, leading customer service offering and multi-regional footprint, Fisher said.
Jill Raker, managing director of Greenbriar Equity Group, said the company would support PetroChoice managements efforts to grow the business both organically and through strategic acquisitions.
Greenbriar focuses exclusively on the global transportation industry and transportation related manufacturing, including companies in automotive, logistics and distribution, and related sectors.
Distributing both packaged and bulk lubricants in the Mid-Atlantic region, PetroChoice serves original equipment manufacturer, off-highway construction, food processing, surface mining, metalworking and passenger automotive industries. The company also offers fluid management services. Other services include customer on-site tank systems, in-plant and off-loading filtration, application engineering expertise and oil analysis.