Kelley Drye Represents LUBExpress in Recent Sale of Its Business
October 8, 2008
Kelley Drye represented LUBExpress Operating Co., Inc. ("LUBExpress") in the sale of a chain of 12 fast-lube and oil service centers and underlying real estate. LUBExpress is a leading provider of quick-oil-change and other automotive preventive maintenance services and is the largest independent quick-lube operator in New Jersey. Through skilled negotiation in the current difficult and challenging financial market, Kelley Drye managed the deal for LUBExpress, which realized cash for the sale, to an affiliate of Galena Associates LLC, the largest franchisor of Valvoline Instant Oil Change locations.