Strickland Brothers, a private-equity-backed operator of quick-lube stores, received $360 million in new financing.
New York investment firms Golub Capital and Audax Strategic Capital are backing the Winston-Salem-based company, which operates or franchises about 300 sites in 27 states, according to a release. Much of Strickland’s growth has occurred since New Jersey-based Princeton Equity Group made a significant investment in 2021.
CEO Justin Strickland formed an oil-change business as part of a Thomasville gas station in 2016, naming the business after his sons Tate and Beckett. He later created the Accelerated Brands holding company, which also owns Trademark Car Wash…