Operator

Good morning, ladies and gentlemen, and welcome to the Diversified Royalty Corp. Investor Conference Call. [Operator Instructions] This call is being recorded on Friday, May 15, 2026.

I would now like to turn the conference over to Sean Morrison, CEO of Diversified Royalty Corp. Mr. Morrison, please go ahead.

Sean Morrison
CEO & Director

Thank you for that introduction. And I just want to thank everybody for taking the time to hop on this call to get a better understanding of the transaction we announced after market yesterday. We got a short presentation. We'll take you through. We've got Pamela, the CEO of Mr. Lube and Tires here. Brian Allen, CFO of Mr. Lube and Tires; Greg Gutmanis, CFO of Diversified; and myself, Sean Morrison, CEO of Diversified Royalty Corp. We couldn't be more excited to announce the acquisition of Mr. Lube and Tires franchisor business. I've been in the franchise and multi-location business space for over 30 years. As an investment banker, my first client was A&W Food Services in the mid-90s. In the late '90s, I help David Aisenstat buy The Keg restaurant chain and in the early 2000s, I advised Lululemon and Aritzia.

When I started, DIV in 2013, my first call was to the owners of Mr. Lube. In 2015, DIV completed a royalty transaction with Mr. Lube, which really launched the business. It has been a superior royalty