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Consumer & Retail

About the Interstate Auto Care / ICV Partners Transaction

has been acquired by

June 30, 2023 | Philadelphia, PA

Mufson Howe Hunter & Co. (“MHH”) is pleased to announce the acquisition of Interstate Auto Care, LLC, a leading franchisee of Valvoline Instant Oil Change with 26 locations in the Northeast and Southern U.S.  Mufson Howe Hunter & Co. LLC served as exclusive financial advisor to Interstate Auto Care, LLC in its sale of a significant equity interest to ICV Partners, LLC.

Howard Weiner, founder & CEO of Interstate Auto Care expressed his appreciation for MHH’s assistance:

"The Mufson Howe Hunter team is responsive and enormously effective; brought extensive expertise and commitment to the table that exceeded our expectations.  We had previously worked with other middle market bankers, and the MHH team is at a whole different level.  They anticipated and avoided big issues and generated creative solutions to the issues that couldn't be avoided.  Their preparation of the marketing materials for our business drew interest levels that triple the number of private equity investors that we had anticipated.  Great performance from our first meeting with MHH through to closing of the deal."

Mufson Howe Hunter, an investment banking firm established in 2003, focuses on merger and acquisition transactions as well as the placement of growth capital for middle-market companies. Mufson Howe Hunter’s senior investment bankers each has over two decades of transactional experience across business services, consumer, industrials, and technology services sectors. Mufson Howe Hunter advises both public and private companies, with a particular focus on family-held and privately-owned businesses.