ICV Partners Acquires Significant Stake in Interstate Auto Care

September 17, 2024

ICV Partners has acquired a significant ownership interest in Interstate Auto Care, a leading Valvoline Instant Oil Change franchisee that operates ~26 locations across the Northeast and Southern United States. The investment will support Interstate Auto Care’s planned growth via acquisitions and greenfield expansion; founder Howard Weiner will move to a board role while Dan Sonnenreich continues as CEO.

Buyers
ICV Partners, LLC
Targets
Interstate Auto Care, LLC
Sellers
Howard Weiner
Industry
Automotive
Location
New York, United States
Transaction Type
Growth capital

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