Diversified Royalty completes acquisition of Mr. Lube + Tires franchisor business for $235 million

Global X SuperDividend US ETF

Global X SuperDividend US ETF

DIV

0.00
  • Diversified Royalty completed the acquisition of the Mr. Lube + Tires franchisor business in Canada for a gross purchase price of CAD 235 million.
  • Funding included CAD 36.6 million cash, CAD 38.5 million from an existing acquisition facility, CAD 212.5 million drawn under a new senior credit facility.
  • Consideration also included CAD 13.7 million in DIV shares issued at CAD 3.98 per share, plus CAD 20.6 million of rolled equity.
  • Rolled equity left Mr. Lube + Tires management with about a 4% retained interest in the purchaser.
  • Vendors provided an CAD 11.6 million non-interest-bearing loan to fund GST, including CAD 9.2 million due within six months and CAD 2.4 million due in one year.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diversified Royalty Corp. published the original content used to generate this news brief on June 16, 2026, and is solely responsible for the information contained therein.

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