Moove Acquires PetroChoice from Golden Gate Capital
May 23, 2022
São Paulo, Brazil – Paul Hastings LLP, a leading global law firm, announced today that it represented Moove, a leading global producer and distributor of lubricants and base oils, in its acquisition of PetroChoice Lubrication Solutions from Golden Gate Capital for US$479 million. Moove is a subsidiary of Cosan S.A., one of Brazil’s largest business groups with investments in energy and logistics.
PetroChoice is the largest distributor and manufacturer of value-added lubricant solutions in the United States, delivering approximately 62 million gallons annually to the industrial, commercial, and passenger vehicle customer segments.
The acquisition establishes a market-leading presence and distribution footprint for Moove in the $33 billion U.S. lubricants market, where Moove will leverage its lubes market expertise, technology, manufacturing capabilities and investment capabilities to support the continued development of PetroChoice and its growth plans.
Additional advice was provided by partners Aaron Charfoos, Adrian Chiodo, Bradley Ritter, David Makso, Deborah Schmall, Jeffrey Goldfarb, Eric Keller; Michael Wise, Pedro Jimenez, Scott Flicker, Todd Schneider; and associates David Stanek, April White, Ben Regan, Grace Aviles, Jacob Beaupre, Matt Seely, Palmer Sealy, Rob Wilson, Will Gray, and William McCue.
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