Golden Gate Capital, a private equity investment firm, has acquired Express Oil Change & Tire Engineers from Carousel Capital.

Certain funds managed by Guggenheim Partners Investment Management and Antares Capital provided debt financing in connection with the transaction; Ropes & Gray and Nob Hill Law Group served as legal advisors to Golden Gate Capital. Harris Williams & Co. served as financial advisor and K&L Gates and Bradley Arant Boult Cummings served as legal advisors to Express Oil and Carousel Capital.

“After evaluating investment opportunities in the automotive aftermarket space for several years, we are excited to partner with Express Oil, a leading automotive service platform with an excellent management team, strong service culture and proven operating model,” said Josh Olshansky, a managing director at Golden Gate Capital. “We look forward to supporting Ricky and Express Oil’s best-in-class management team as the company enters its next chapter of growth.”

Express Oil will remain headquartered in Birmingham, AL and will continue to be led by its current management team, including Chief Executive Officer Ricky Brooks. Express Oil’s management and Carousel Capital will remain shareholders of the company.

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of capital under management.