Announced
Completed
Financials
Tags
United States
car wash
Auto Services
Acquisition
Majority
Domestic
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Oaktree Capital Management, an American global asset management firm, completed the acquisition of a majority stake in Magnolia Wash Holdings, a fast-growing organization of express car washes, from A&M Capital, a private equity firm. Financial terms were not disclosed. "Magnolia and its management team have an impressive track record, and with our investment, we believe they are poised to grow into a preeminent operator in the industry. This is a special opportunity to partner with an experienced management team at a company that is well positioned to take advantage of the significant runway ahead," David Quick, Oaktree Managing Director.
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