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FGS Global represents Valvoline as the Lexington, KY-based company that sells its auto lubricants and engine maintenance products business to Saudi Aramco for $2.7B cash.
The deal will enable Valvoline to "unlock the full, long-term value of our strong but differentiated retail services businesses," said Valvoline CEO Sam Mitchell.
Saudi Aramco, which is the world's biggest oil company, said the addition of Valvoline's lubricants line fits perfectly with its strategy to develop downstream capabilities.
Following the deal's close, Valvoline will own the Valvoline brand for all retail services globally except in China and certain countries in the Middle East and North Africa.
Saudi Aramco, which is eager to expand its partnerships with car/truck makers, will own the Valvoline brand globally for all products.
Valvoline has signed a long-term agreement with Saudi Aramco to supply its retail chain with lubricants.
FGS Global's Jamie Tully, Devin Broda and Warren Rizzi handle Valvoline.
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