Tag Archives: PetroChoice News

Moove Acquires PetroChoice from Golden Gate Capital

São Paulo, King of Prussia, PA and San Francisco – May 23, 2022 – Cosan S.A. (B3:CSAN3; NYSE: CSAN), one of Brazil’s largest business groups with investments in energy and logistics and revenue of approximately $23 billion, today announced that its subsidiary Moove, a leading global producer and distributor of lubricants and base oils, acquired PetroChoice Lubrication Solutions (“PetroChoice”) from Golden Gate Capital for $479 million.

PetroChoice is the largest distributor and manufacturer of value-added lubricant solutions in the United States, delivering approximately 62 million gallons annually to the industrial, commercial, and passenger vehicle customer segments. PetroChoice has an extensive and high-quality product offering including Mobil lubricants, as well as several licensed proprietary brands including Medallion Plus, Dyna-Plex 21C and Eco Ultra. Headquartered in King of Prussia, Pennsylvania, PetroChoice operates more than 50 strategically located distribution centers across 25 states.

The acquisition establishes a market-leading presence and distribution footprint for Moove in the $33 billion U.S. lubricants market. Moove will leverage its lubes market expertise, technology, manufacturing capabilities and investment capabilities to support the continued development of PetroChoice and its growth plans. PetroChoice is poised to benefit from favorable end-market dynamics such as shifting regulatory trends and consumer preferences that are driving synthetic lubricants market growth.

Filipe Affonso Ferreira, CEO of Moove, said, “PetroChoice serves as a major cornerstone for our global growth plans and this acquisition helps Moove establish a market-leading position in the large and growing U.S. lubricant market. We have been deeply impressed by the PetroChoice team’s strong execution and strategy of consolidating smaller regional players to create an integrated, centralized, and scalable operating model with strong brand recognition. We look forward to onboarding the PetroChoice team and to future success in developing the business.”

Felix Lo, a Managing Director for Golden Gate Capital, said, “We have enjoyed a successful partnership with PetroChoice and are proud to have helped the company become the clear market leader it is today. Since 2015, we have supported the company with the pursuit of several strategic areas of focus, including footprint expansion, full deployment of its leading-edge technologies, growing its premium and proprietary brand offerings, strengthening its key partnerships, and executing complementary acquisitions. Throughout the course of our ownership, we have held discussions with Moove management about the clear strategic fit between these two businesses and we are confident that Moove has strong expertise to build on PetroChoice’s existing momentum and continue to grow the business.”

Moelis & Company LLC served as financial advisor and Reed Smith LLP and Kirkland & Ellis LLP served as legal advisors to PetroChoice and Golden Gate Capital. Jefferies served as financial advisor and Paul Hastings LLP served as legal advisor to Moove.

About Moove
A global reference in lubricants, Moove is one of the largest producers and distributors of lubricants and base oils in Brazil and other countries in South America (Argentina, Bolivia, Uruguay, and Paraguay), as well as in Europe (United Kingdom, Spain, Portugal, and France) and the United States. Part of the Cosan Group, the company, offers its specialized lubrication products and services that are essential for moving and providing greater efficiency in industrial equipment and commercial and passenger vehicles.

About PetroChoice
PetroChoice is the largest lubricant distributor in the United States, providing business solutions for industrial lubricant needs and commercial and passenger car motor oil. The company, headquartered in King of Prussia, Pennsylvania, operates 54 locations across the U.S. and employs some of the nation’s most knowledgeable technical experts in lubrication services and equipment. For more information, please visit PetroChoice.com.

About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Notable investments sponsored by Golden Gate Capital include Antylia Scientific, Vantage Elevator Solutions, and Humanetics. For more information, visit www.goldengatecap.com.


Press Office: Mosaike

Golden Gate Capital
Hayley Cook / Anne Nisperos Hew / Elizabeth Lake

Eco Ultra

Petrochoice Offers One of the Nations Most Sustainable Lubricants on the Market Today: Eco Ultra

King of Prussia, PA – 04/25/2022 – PetroChoice, the Nation’s No. 1 lubricant Distributor that specializes in advanced lubrication solutions and services, is also a leader in developing a high-quality sustainable lubrication option that positively impacts the environment by lowering the dependency on natural resources and reduces waste.

“We created the Eco Ultra product with the goal of developing a product that didn’t sacrifice quality while at the same time allowed us to conserve natural resources,” said Rob Walker, Senior Vice President of Sales & Marketing. “The product is unique because it’s created through recycled additives that have already been used, thus creating a sustainable product for our customers.”

Our team developed the Eco Ultra product with sustainability in mind. Today’s advanced re-refining process removes impurities to produce a clean, high-grade base oil. Supplemented with recycled additives that have been used before, all Eco Ultra products are carefully formulated to meet or exceed applicable industry licensing and specifications, including the latest API categories, SAE requirements, ILSAC specifications, current OEM qualifications, and other industry mandates.

Eco Ultra was also designed to be profitable. As an exclusive PetroChoice proprietary brand, this lubricant has been formulated and blended according to PetroChoice standards. Some of the industry’s most experienced oil and lubrication experts developed the innovative Eco Ultra line and continue to oversee a superior support solutions package that helps our installers build business.

About PetroChoice: PetroChoice is one of the largest petroleum-based lubricant distributors in the United States, providing business solutions for industrial, commercial, and passenger automobile customers. The company, headquartered in King of Prussia, Pennsylvania, operates locations across the U.S. and employs some of the nation’s most knowledgeable technical experts in lubrication services and equipment. For more information please visit PetroChoice.com.

PetroChoice Expands Southeast Reach with Acquisition of APS Lubricants (Advanced Performance Services, Inc).

(King of Prussia, PA)- January 6, 2022

PetroChoice, the leading provider of lubrication solutions, is kicking off the New Year by announcing the acquisition of Goodwater, Alabama based distributor, APS Lubricants.

Owned by industry veterans Todd Hayes and Greg Davidson, APS Lubricants has provided top notch service distribution to Industrial, Fleet and Automotive customers in Central and Southeastern Alabama since 2007.   Hayes and Davidson together bring a combined industry experience of 60 years to PetroChoice.  With a ‘one stop shop’ philosophy and superior attention to customer service, PetroChoice is eager to welcome the APS team within their footprint.

Greg Davidson, APS, states, “We considered several buyer options, and PetroChoice was the easiest to work with.  Their transparency throughout the acquisition process was second to none.”

“We wanted to continue to grow with the business, and this was something PetroChoice was able to offer,” said Todd Hayes, APS.

PetroChoice has had a strong presence along the East Coast since their inception.  Acquisitions and greenfield sites have allowed PetroChoice to grow site distribution of quality lubrication products into 26 states across the US.  With the addition of APS, PetroChoice can now add Alabama to that count.

“APS has a strong commercial and industrial distribution portfolio that complements our current client base,” said Celeste Mastin, CEO of PetroChoice.  “Their prime location gives PetroChoice a launching pad from Alabama, allowing us to build and strengthen our presence in the entire Southeast,” continued Mastin.

Davidson and Hayes will continue with the PetroChoice organization. Effective immediately, APS Lubricants will be operating as PetroChoice.

About PetroChoice: PetroChoice is one of the largest petroleum-based lubricant distributors in the United States, providing business solutions for industrial, commercial and passenger automobile customers.  The company, headquartered in King of Prussia, Pennsylvania, operates locations across the U.S. and employs some of the nation’s most knowledgeable technical experts in lubrication services and equipment.  For more information please visit PetroChoice.com.

PetroChoice Sponsors hole at Nebraska Association of General Contractors Golf Outing

PetroChoice was a hole sponsor at the Nebraska Association of General Contractors Golf Outing on Monday, June 4.  The event took place at Lochland Country Club in Hastings, Nebraska.  PetroChoice employees golfed with representatives from Wilke Contracting, a customer from Kearney, Nebraska.

Pictured left to right are Eric Huber, Sales Manager for PetroChoice, Dave Wilke of Wilke Contracting, Joe Koening, Territory Sales Manager for PetroChoice and Joe Russo, Territory Sales Manager for PetroChoice.

PetroChoice Sponsors RHCA Golf Tournament

PetroChoice sponsored the 14th Annual Regional Hispanic Contractor’s Association (RHCA) Golf Classic Friday, May 25, at the Indian Creek Golf Course in Carrolton, Texas.  PetroChoice representatives golfed alongside customers from Austin Bridge & Road of Irving, Texas.

From left to right are: Jorge Dulna of Austin Bridge & Road, Jim Hibbits, Sales Manage, PetroChoice and John Franklin, TSM, PetroChoice.

PetroChoice Sponsors HCA Golf Outing

PetroChoice at the 19th Annual Don Clarkson Golf TournamentPetroChoice sponsored a hole at the 19th Annual Don Clarkson Golf Tournament Monday, May 14 in Kansas City, KS.  The event was sponsored by the Heavy Constructor’s Association (HCA).

Employees golfed alongside representatives from Ideker, Inc, a customer  based in St. Joseph, MO.  Pictured from left to right are Adam Miljavac, Controller for Ideker, Inc., Jeff Draffan, Territory Sales Manager for PetroChoice and Ken Ideker, Principal in Ideker, Inc.