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New Deal


Announced

Completed

Genstar Capital-backed Sonny’s completed the acquisition of Hydra-Flex.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

fluid handling products

Domestic

Friendly

United States

Acquisition

Majority

Machinery: Specialty

Single Bidder

Private Equity

Synopsis

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Genstar Capital-backed Sonny’s, the world’s largest manufacturer of conveyorized car wash equipment, parts, and supplies, completed the acquisition of Hydra-Flex, a privately held manufacturer of innovative and reliable fluid handling products for the vehicle wash industry including chemical dispensing systems and high-pressure nozzles. Financial terms were not disclosed. "Hydra-Flex has revolutionized car wash chemical dispensing and nozzle technology. They have consistently found better ways to solve customer and industry problems with fluid handling. While the products they make are the best in the business, what excites me most are the people we will gain. Their passion for our industry and for customer service fits perfectly with Sonny’s," Paul Fazio, Sonny’s CEO.

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