NEW YORK, December 14, 2005 – Bruckmann, Rosser, Sherrill & Co. (“BRS”) announced today the completion of the recapitalization of EZ Lube, LLC (“EZ Lube” or the “Company”). The EZ Lube management team and GSO Capital Partners also participated in the transaction.
EZ Lube, based in Santa Ana, California, is the largest independent automotive quick lube operator in California. As of December 14, 2005, the Company owned and operated 70 stores located throughout Southern California. EZ Lube’s service offerings include its 14-point full service oil change and 18 additional services designed to fit within a quick and convenient time frame without an appointment.
BRS is a New York based private equity investment firm with approximately $1.2 billion under management. BRS was founded in 1995 and has since invested in over 25 companies in the following industries: restaurants, consumer goods, specialty retail, recreation/leisure, apparel, home furnishings, industrial and commercial services, commercial equipment manufacturing, wholesale distribution and healthcare services. BRS makes leveraged buyout, recapitalization and growth capital investments in companies with superior management, predictable cash flow, strong market share and growth potential. All management teams of BRS companies are equity investors in their businesses.