Carousel Capital is pleased to announce it has successfully exited its investments in Express Oil and Pye Barker Fire & Safety.
Express Oil Change & Tire Engineers is a leading independent automotive service provider, including full mechanical services, in the Southeastern United States. During the course of Carousel Capital's Fund IV investment, a merger of Mavis Tire and Express / Tire Engineers was completed in 2018. Since then, the Company has grown to become one of the largest independent tire and service provider platforms in the U.S. with more than 1,100 service centers across 27 states. Carousel's exit from Mavis Tire Express Services Corp. was completed through a recapitalization of the Company by BayPine LP, TSG Consumer Partners LP, and Golden Gate Capital.
Pye Barker is a leading provider of route-based fire protection services in the Southeastern United States, including monitoring, inspection, maintenance and repair of fire detection and suppression products. With 80 branches across 19 states, the Company serves over 80,000 commercial customers through its network of more than 1,000 technicians. Carousel Capital's exit was completed through a recapitalization by Altas Partners and Leonard Green & Partners.