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Lingate advises Lube-Tech on its acquisition of Reliable Plus Car Wash Services

Lingate advises Lube-Tech on its acquisition of Reliable Plus Car Wash Services

GOLDEN VALLEY, MN, November 26, 2018 - Lubrication Technologies (“Lube-Tech”) has acquired Reliable Plus Car Wash Services, a Bloomington, MN-based distributor of car wash equipment, chemicals and support services, serving car wash operators in Iowa, Minnesota, North Dakota and Wisconsin. The Lubrication Technologies family of companies, headquartered in Golden Valley, MN, produces and distributes millions of gallons of lubricants, fuels and chemicals each year for customers within the transportation, automotive, industrial and small engine markets. Lube-Tech is present in over 70 countries with operations throughout the Midwest, Shreveport, LA, and Langenthal, Switzerland.

“This is another exciting milestone in the history of Lube-Tech. Reliable Plus Car Wash is a customer-centric, family business who like us, shares the same purpose to make tomorrow a little bit better than today. We are pleased to welcome the entire Reliable Plus team to our Lube-Tech family. This acquisition expands our team to 80 car wash and equipment experts and positions us to lead the Midwest market in car wash equipment installations, products, services and solutions”, said Chris Bame, CEO of Lubrication Technologies.

Lingate Financial Group provides strategy and merger and acquisition advisory services to Lubrication Technologies. Founded in 1945, Lingate helps business owners with market-based valuations, business sales, mergers, acquisitions, recapitalizations, and internal transitions among family members, partners and management. Please contact Mike Hannon or Greg Loeschke at 763-546-8201 for more information.

Greg Loeschke