Strickland Brothers 10-Minute Oil Change Receives Investment From Audax Strategic Capital

Audax Strategic Capital, provider of mid-hold equity solutions, recently announced a structured equity investment in Strickland Brothers, according to a press release.

Strickland is currently a portfolio company of Princeton Equity Group, a private equity firm based in Princeton, New Jersey. Princeton’s strategic investment backing began in 2021.

“We’re excited to partner with Princeton Equity Group and the Strickland Brothers team, and look forward to supporting their vision for future growth,” noted Kumber Husain, a managing director at Audax Strategic Capital. “In four-plus years, they’ve established an impressive track record building the company’s brand in key markets; growing its store-count through a mix of M&A, de novo growth and new franchise locations; and driving consistent unit-level growth across both top- and bottom-line performance.”