M&A Deal Summary

Alimentation Acquires True Blue Car Wash

On December 22, 2022, Alimentation acquired consumer services company True Blue Car Wash from ROCA Partners

Acquisition Highlights
  • This is Alimentation’s 1st transaction in the Consumer Services sector.
  • This is Alimentation’s 5th transaction in the United States.
  • This is Alimentation’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2022-12-22
Target True Blue Car Wash
Sector Consumer Services
Buyer(s) Alimentation
Sellers(s) ROCA Partners
Deal Type Add-on Acquisition

Target

True Blue Car Wash

Scottsdale, Arizona, United States
True Blue Car Wash is a provider of automated express car wash services, cost-effective options and ultra-convenience in an eco-friendly environment. True Blue Car Wash was founded in 2016 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Alimentation

Laval, Quebec, Canada
Category Company
Founded 1980
Sector Retail
Employees150,000
Revenue 71.9B USD (2023)
DESCRIPTION

Alimentation is one of the largest company-owned convenience store operators in the world with more than 13,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. Alimentation was incorporated in 1980 and is based in Laval, Canada.

DEAL STATS #
Overall 7 of 11
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Arizona) 2 of 2
Country (United States) 5 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Wilsons Gas Stops

Halifax, Nova Scotia, Canada

Wilsons Gas Stops comprises high-quality locations operating in all four Atlantic Canada provinces and includes 79 corporate-owned and operated convenience retail and fuel locations, 147 dealer locations. Wilsons Gas Stops is based in Halifax, Nova Scotia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Big Red Stores

Bryant, Arkansas, United States

Big Red Stores is a family-owned business that serves over 40,000 customers per day throughout 36 locations around the state. Services vary from location to location though many offer coffee, drinks, snacks, a car wash, movie rental, propane, ice, and basic groceries. As an added benefit, many of its Big Red Stores are co-branded with companies such as Baskin Robbins, Subway, Dairy Queen, Mcdonald's, Hardees, and Burger King. Big Red Stores was formed in 1997 and is based in Bryant, Arkansas.

Buy -

Seller(S) 1

SELLER

ROCA Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

ROCA Partners is a private equity investment firm focused on providing services companies with flexible capital and operational resources to accelerate growth. Sectors of interest include education, financial services, healthcare, media, restaurants, retail, technology, and travel/leisure. The Firm looks to identify companies that benefit from demographic and behavioral trends and leverage its expertise in customer and marketing analytics for growth. ROCA Partners was formed in 2015 and is headquartered in Beverly Hills, California.

DEAL STATS #
Overall 4 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Riviera Partners

San Francisco, California, United States

Riviera Partners is expertise with a proprietary platform that uses machine learning to score and predict the best candidate for a company’s specific needs, Riviera is the go-to talent partner for leading venture capitalists and technology innovators. Riviera Partners was founded in 2001 and is based in San Francisco, California.

Sell -
Mergr

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