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New Deal


Announced

Completed

Freeman Spogli completed the acquisition of a minority stake in SkyKnight Capital-backed WhiteWater Express Car 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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Private Equity

Domestic

Minority

Private

Completed

car wash operator

Friendly

Acquisition

United States

Single Bidder

Maintenance Repair and Overhaul (MRO)

Synopsis

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Freeman Spogli, a private equity firm, completed the acquisition of a minority stake in SkyKnight Capital-backed WhiteWater Express Car Wash, a car wash operator. Financial terms were not disclosed. "We are excited to partner with Freeman Spogli as WhiteWater continues to execute on its multi-pronged, multi-regional growth strategy. Freeman Spogli's extensive experience in successfully building consumer brands and scaling multi-unit businesses will bolster our strategy to densify existing markets while pursuing thoughtful new market expansion," Steve Mathis, WhiteWater Express Co-Founder and CEO.

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