NEW YORK, January 22, 2026 — Golub Capital acted as Administrative Agent and Sole Lender on a $270 million senior credit facility to support Princeton Equity Group’s refinancing of Strickland Brothers. Terms of the deal were not disclosed. 

Strickland Brothers is a leading provider of quick, friendly and dependable oil changes and maintenance services with nearly 300 franchise and corporate-owned locations in the United States.  

“This transaction reflects our commitment to partnering with sponsors and companies with ambitious growth plans,” said Spyro Alexopoulos, Co-Head of Direct Lending at Golub Capital. “We’re proud to provide certainty for Princeton Equity Group and support Strickland Brothers’ continued expansion.” 

The senior credit facility is composed of a revolver, first lien term loan and first lien delayed draw term loan. 

“This financing marks the start of a partnership that we expect to deepen,” said Phil Piro, Partner at Princeton Equity Group. “Golub Capital’s ability to provide a comprehensive senior credit facility and to scale with us over time makes them an ideal partner as we continue to execute on Strickland Brothers’ rapid growth plan.” 

This is Golub Capital’s first deal with Princeton Equity Group.

About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions up to $1 billion and arranges syndicated credit facilities up to $2 billion. 

As of January 1, 2026, Golub Capital had over 1,100 employees and over $90 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East. For more information, please visit golubcapital.com.