New York, NY (October 15, 2024) – Tamarix Capital Partners II, L.P. (“TCP”) announced that their portfolio company, Oilex, has acquired an additional quick lube location. This acquisition continues to add to the largest operator of U.S. based quick lube locations within the Grease Monkey International (“GMI”) franchise system. GMI is one of the nation’s largest independent franchisors of automotive oil change centers serving more than two million customers each year.

Founded in 2003 and headquartered in Denver, Oilex provides full-service oil change and automotive maintenance services now through 24 locations in the state of Colorado and Arizona. Oilex will actively pursue additional add-on acquisition opportunities to expand its portfolio of quick lube locations in the Western U.S.

About Tamarix Capital Partners II, L.P.

TCP works with business owners and management teams, as well as search funds, independent sponsors, family offices and private equity sponsors to finance growth strategies, change of control transactions, acquisitions, and recapitalizations. We provide debt and minority equity investments to companies with $3 – $15 million of EBITDA and typically invests $5 – $25 million in each business, with the ability to lead larger transactions. TCP is part of the Tamarix platform, which was founded in 1993, and is managed by seasoned investment professionals that have cumulatively invested over $3.5 billion in more than 225 companies.