Moove completed the acquisition of PetroChoice Lubrication from Golden Gate Capital for $479m.

Moove, a Brazilian lubricant distributor, completed the acquisition of PetroChoice Lubrication, a US lubricant distributor, from Golden Gate Capital, a private equity firm, for $479m. “PetroChoice serves as a major cornerstone for our global growth plans and this acquisition helps Moove establish a market-leading position in the large and growing US lubricant market. We have been deeply impressed by the PetroChoice team’s strong execution and strategy of consolidating smaller regional players to create an integrated, centralized, and scalable operating model with strong brand recognition. We look forward to onboarding the PetroChoice team and to future success in developing the business," Filipe Affonso Ferreira, Moove CEO.