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New Deal


Announced

Completed

Golden Gate Capital and Scott Blackstock completed the acquisition of a minority stake in Tidal Wave Auto Spa.

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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United States

Private

Minority

Auto Services

car wash

Friendly

Domestic

Single Bidder

Acquisition

Private Equity

Completed

Synopsis

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Golden Gate Capital, a private equity firm, and Scott Blackstock, the CEO of Tidal Wave, completed the acquisition of a minority stake in Tidal Wave Auto Spa, a premium conveyor car wash services provider. Financial terms were not disclosed. "We have tremendous respect for Scott and the amazing and innovative Tidal Wave management team, who have consistently delivered outstanding quality and growth. We look forward to working together to accelerate the Company’s trajectory through organic growth at existing sites, aggressive new unit expansion and an enhanced acquisition program," Neale Attenborough, Golden Gate Capital Operating Partner.

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