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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