Moove, a subsidiary of Brazilian conglomerate Cosan S.A., has acquired King of Prussia-based PetroChoice, the nation’s leading lubricant distributor, for $479 million, writes Ryan Mulligan for the Philadelphia Business Journal.

The seller was private equity firm Golden Gate Capital, which purchased the company seven years ago from Greenbriar Equity Group.

Earlier this year, Golden Gate Operating Executive Roy Rosas was appointed CEO of PetroChoice. After the acquisition, he will return to his previous role at Golden Gate. Jose Rapacci has been named as his successor by Moove.

The company produces its own brand of vehicle lubricants and distributes some of the most recognizable motor oil brands in the nation.

The acquisition will grow Moove’s annual revenue by around 50 percent to approximately $1.87 billion.

“PetroChoice serves as a major cornerstone for our global growth plans and this acquisition helps Moove establish a market-leading position in the large and growing U.S. lubricant market,” said Moove CEO Filipe Affonso Ferreira.

He added that the new owner was “impressed by the PetroChoice team’s strong execution and strategy of consolidating smaller regional players to create an integrated, centralized, and scalable operating model with strong brand recognition.”

Read more about King of Prussia-based PetroChoice in the Philadelphia Business Journal.