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Herbert Smith Freehills Kramer advised Strickland Brothers (Strickland) – a Winston-Salem based quick-lube operator and franchiser – in its closing of $360 million in committed financing provided by Golub Capital and Audax Strategic Capital.
Strickland is one of the nation's largest independent operators and franchisors of drive-thru, 10-minute oil change and automotive maintenance service centers. This financing will support the company's acquisition activity and strengthen its brand equity and national footprint.
The HSF Kramer team consisted of Leveraged Finance partner Richard E. Farley with senior associate Nicole Chong and associates Ariel Wang and Jaedyn Ellis, and Corporate partner Damian Petrovic, with special counsel Ross Karlik and associate Linda Chen and Joseph D’Arco.
Key contacts
Richard E. Farley
Partner, Head of Leveraged Finance, US, New York
Damian Petrovic
Partner, New York
Nicole Chong
Senior Associate, New York
Ross Karlik
Special Counsel, New York
Ariel Wang
Associate, New York
Linda Yao Chen
Associate, New York
Joseph E. D'Arco
Associate, New York
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