Herbert Smith Freehills Kramer advises Strickland Brothers in closing of $360 million committed financing

Herbert Smith Freehills Kramer advised Strickland Brothers (Strickland)  a Winston-Salem based quick-lube operator and franchiser – in its closing of $360 million in committed financing provided by Golub Capital and Audax Strategic Capital.

Strickland is one of the nation’s largest independent operators and franchisors of drive-thru, 10-minute oil change and automotive maintenance service centers. This financing will support the company’s acquisition activity and strengthen its brand equity and national footprint.