Lubricating Specialties Company (LSC) recently announced that management led by Sydney Thwaites, the company's Chief Operating Officer, along with Vintage Capital Partners II, L.P. has acquired full ownership of Lubricating Specialties Company. Vintage has enjoyed a long tenured investment relationship with management of LSC dating back over the past decade.

Lubricating Specialties Company, founded in 1928 and headquartered in Pico Rivera, California, is the leading contract custom blender and packager of lubricants and greases in the Western United States. In addition to its blending and packaging operations, LSC provides a broad range of liquid storage, transloading, warehousing, distribution and export services, to the lubricant and chemical industries. LSC operates four facilities in Southern California, all ideally located near the ports of Los Angeles and Long Beach to best serve its diverse customer base throughout the United States, Asia and the west coast of South America.

Of note also, the entire LSC Senior Management Team will remain in place. Sydney Thwaites commented, “LSC is pleased to be moving forward with Vintage. They have played a key role in our growth over the past decade, and this transaction ensures a seamless transition and base for our future growth.”

Mark Sampson, Managing Director of Vintage said “over the past decade we have enjoyed our relationship with Sydney and the rest of the team at LSC, and are pleased to support them in this transaction, continuing to maintain the operations of the business in the hands of management. Over 85 years LSC has demonstrated its ability to be a premier provider of high quality products and exceptional customer service across a wide variety of products and capabilities. It is strategically located on the west coast and benefits from an experienced management team. We are pleased to support Sydney and the company as they continue to work to achieve their growth objectives.”