Hughes Hubbard & Reed helped Greenbriar Equity Group LLC acquire PetroChoice, a top distributor of petroleum lubricant solutions, from KRG Capital Partners in January.
Pennsylvania-based PetroChoice is the largest distributor of consumable commercial, industrial and passenger vehicle lubricants in the Mid-Atlantic and Upper Midwest. Its customers work across a range of industries, including original equipment manufacturing, off-highway construction, surface mining, energy, metal working, food processing and passenger automotive.
“PetroChoice has grown significantly under the leadership of KRG Capital Partners. We look forward to continuing this trajectory by now partnering with Greenbriar Equity Group,” Shane O’Kelly, chief executive officer of PetroChoice, said in a press release. “Greenbriar’s successful track record of building businesses, and its distribution and logistics expertise make it a terrific partner for PetroChoice going forward.”
Jill Raker, managing director of Greenbriar Equity Group, added: “We are very impressed with the leadership position PetroChoice has built in the lubricants supply chain. We look forward to supporting management’s efforts to grow the business both organically and through strategic acquisitions.”
Greenbriar, a private equity firm with $1.5 billion of committed capital, focuses exclusively on the global transportation industry and transportation-related manufacturing, including companies involved in freight and passenger transport, aerospace and defense, automotive, logistics and distribution and related sectors.
The Hughes Hubbard team that worked on the deal included Chuck Samuelson, Ken Lefkowitz, Andy Braiterman, Valerie Clark, Erin Dececchis, Tom Furst, Bruce Goldberger, Steve Greene, Wayne Josel, Kyle Leingang, Ross Lipman,Travis Rundlet and Sam Sultanik.