Valvoline Acquisition of Breeze Autocare Expected to Close by Second Half of Fiscal 2025

Valvoline and Greenbriar Equity Group have received a Request for Additional Information and Documentary Material from the Federal Trade Commission as part of its regulatory review of Valvoline's proposed acquisition of Breeze Autocare from Greenbriar.

According to a press release, this additional request will extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Valvoline and Greenbriar have substantially complied with the requests. 

The waiting period could also be voluntarily extended by the companies, or terminated sooner by the FTC.

Valvoline’s acquisition of Breeze Autocare will be subject to the expiration or termination of the waiting period under the HSR Act, in addition to other customary closing conditions. Valvoline expects to close the transaction in the second half of fiscal 2025.