M&A Deal Summary

Susquehanna Private Capital Acquires LUV Car Wash

On January 1, 2021, growth capital firm Susquehanna Private Capital acquired automotive company LUV Car Wash

Acquisition Highlights
  • This is Susquehanna Private Capital’s 3rd transaction in the Automotive sector.
  • This is Susquehanna Private Capital’s 7th transaction in the United States.
  • This is Susquehanna Private Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-01-01
Target LUV Car Wash
Sector Automotive
Buyer(s) Susquehanna Private Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

LUV Car Wash

Gilbert, Arizona, United States
website
LUV Car Wash is a nationwide express car wash platform focused on enhancing the customer experience. LUV Car Wash was founded in 2021 and is headquartered in Gilbert, Arizona.

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Buyer(S) 1

DESCRIPTION

Susquehanna Private Capital is a growth-oriented private investment group associated with the founders of financial services firm Susquehanna International Group. The Firm will consider opportunities throughout the US and looks to commit $10 to $100 million in the form of minority and majority recapitalizations. Susquehanna Private Capital is based in Bala Cynwyd, Pennsylvania.


DEAL STATS #
Overall 7 of 13
Sector (Automotive) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Arizona) 1 of 1
Country (United States) 7 of 12
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Main Line Brands

Hickory, North Carolina, United States

Main Line Brand is a parent company for home service franchises Mosquito Authority, Pest Authority, and Fitness Machine Technicians. Main Line Brands benefits from SPC’s experience with changing consumer preferences, increased business model complexity, and outsourcing trends. Main Line Brands was founded in 2020 and is based in Hickory, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Premium Service Brands

Charlottesville, Virginia, United States

Premium Service Brands is a provider of home services franchise opportunities. PSB umbrella includes 360° Painting, ProLift Garage Doors, Handyman Pro, Maid Right, and Kitchen Wise. These home improvement industry brands provide franchisees with comprehensive training and support for every step while viewing customer service as a way of life by also giving back to local communities through their nonprofit, Kids-Lift. Premium Service Brands was formed in 2006 and is based in Charlottesville, Virginia.

Buy -