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New Deal


Announced

Completed

Access Holdings-backed CWON completed an investment in Okie Express Auto Wash.

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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Majority

car wash

Private Equity

Private

Single Bidder

United States

Domestic

Acquisition

Friendly

Auto Services

Completed

Synopsis

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Access Holdings-backed Car Wash Owners Network, a car wash services provider, completed an investment in Okie Express Auto Wash, a car wash services provider. Financial terms were not disclosed. “We had several options to consider when looking for a growth partner, but Access Holdings and CWON clearly distinguished themselves by their knowledge of the industry and relationship-oriented approach to crafting the right deal. Their team focused on finding solutions that were right for us and our business," Mike North, Okie CEO.

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