Percheron Capital to acquire a majority stake in Caliber Car Wash.

Percheron Capital), a private equity firm, agreed to acquire a majority stake in Caliber Car Wash, an express conveyor car wash platform. Financial terms were not disclosed. "We are pleased to partner with the Caliber team as they continue to build a best-in-class express car wash platform. Consumers are increasingly looking for fast, affordable car wash services without sacrificing quality, and Caliber generates industry-leading membership program participation by offering exceptional customer service and unmatched convenience at a great value. We look forward to leveraging our significant sector expertise and operational resources to support Caliber's talented management team as they continue to rapidly scale the business and bring Caliber's leading value proposition and membership model to new customers across the US," Chris Lawler, Percheron Co-Founder and Managing Director.