Lube City Corp., an Alberta quick service oil change chain, has announced a partnership with Motosel Industrial Group Inc. and BDC Capital to finance its ownership transition to the second-generation of the Kallis family, and enable the company to pursue the next stage of growth and strategic expansion.
Based in Edmonton, Alberta, Lube City Corp. is one of the largest Canadian owned operates 27 locations across Alberta.
Through this new strategic relationship with Motosel, a fast-growing national provider of premium motor oil, Lube City is able to control its oil supply chain and continue to offer customers the highest-quality products, which are warranty-approved by all major OEMs. With Motosel’s involvement in the business and BDC Capital’s minority equity investment, the Company remains one of the few chains of quick service oil change businesses owned and operated by Canadians.
“We are very excited about this new partnership with Motosel and BDC Capital and look forward to pursuing the next chapter in Lube City’s growth,” said Jason Kallis, Lube City’s President. “This partnership enables our family business to continue to provide the same high quality service that our customers have relied upon, while enabling us to accelerate and expand our reach beyond our current store footprint.”
Based in Coquitlam, B.C., Motosel is a manufacturer and distributor of motor oil, lubricants and other petrochemical products, with products available in over 1,000 retail locations across Canada.
“Lube City is a great Alberta business and we look forward to working closely with Jason and his team to continue the Company’s expansion”, said Arash Iranpour, Operations Manager at Motosel. “It is an honour to partner with Lube City and supply the business with Motosel’s high quality motor oil and related products.”
“We are very excited to partner with both Motosel and the Kallis family,” said Jeremy Billan, Partner, Growth Equity at BDC Capital. “This partnership not only brings together two great entrepreneurial businesses to execute a generational transfer, but it also positions Lube City to pursue its next stage of meaningful growth.”