08:46 AM EST, 02/20/2025 (MT Newswires) -- Valvoline ( VVV ) said Thursday it has agreed to acquire Breeze Autocare from private equity firm Greenbriar Equity Group for about $625 million in cash.

Breeze Autocare operates nearly 200 stores in 17 states, mainly under the Oil Changers brand, Valvoline ( VVV ) said, adding that it plans to fund the acquisition with a newly issued term loan B.

Shares of Valvoline ( VVV ) were up 5% in recent premarket activity.