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.
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