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New Deal


Announced

Completed

Genstar Capital completed the investment in Sonny's Enterprises.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auto Services

Minority

Acquisition

Friendly

United States

Private

Single Bidder

Private Equity

car wash equipment

Completed

Synopsis

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Genstar Capital, a private equity firm, completed the investment in Sonny's Enterprises, a provider of conveyorized car wash equipment, chemicals, controls, service and parts. Financial terms were not disclosed. "Sonny's draws on over 40 years of industry leadership to drive deep relationships with over 6k active customers nationwide. They operate as true partners with their customers and invest in their growth, from expert guidance during site planning through construction and operations, forging a long-term relationship as they grow together. We are very excited to work with Paul Fazio and his team to grow the business both organically and through strategic acquisitions," Rob Rutledge, Genstar Capital Managing Director.

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