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In June 2017, Express Oil Change & Tire Engineers, which had become the 10th-largest fast lube chain in the United States, [11] was acquired by San Francisco-based private equity firm Golden Gate Capital. [12] Shortly thereafter, in November 2017, Express acquired Brakes Plus of Denver, CO. The Brakes Plus stores would not be offered as a ...
By the 1890s, Valvoline oil was associated with winning race cars. [8] During the early 20th century, Valvoline was the recommended motor oil for the Ford Model T. [4] In 1949, Ashland Inc. purchased the Freedom-Valvoline Company. [9] By 2016, Ashland's Valvoline subsidiary accounted for about 37% of the parent company's annual revenue. [4]
It was founded as a spin-off of Murphy Oil in 2013. [2] [3] In the first quarter of 2016, Murphy USA announced a change in its relationship with Walmart, as they began opening their own in-house gas stations and convenience stores. It plans to increase its locations independently of Walmart sites.
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