M&A Deal Summary

Express Wash Acquires Magnolia Wash

On July 25, 2023, Express Wash acquired automotive company Magnolia Wash

Acquisition Highlights
  • This is Express Wash’s 1st transaction in the Automotive sector.
  • This is Express Wash’s 1st transaction in the United States.
  • This is Express Wash’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-07-25
Target Magnolia Wash
Sector Automotive
Buyer(s) Express Wash
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)

Target

Magnolia Wash

Charlotte, North Carolina, United States
Magnolia Wash operates several express wash brands throughout Alabama, South Carolina, North Carolina, Florida, Georgia, Virginia, Ohio and Tennessee all of which deliver a premium on-premise experience including its Unlimited Wash Club Membership Program, free towels, free vacuums and free mat washing stations. Magnolia Wash was formed in 2014 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Express Wash

Charlotte, North Carolina, United States
Category Company
Sector Consumer Services
DESCRIPTION

Express Wash leverages technology and innovation in offering car washes. It delivers consumers and teammates on-premise experience, including its Unlimited Fast Pass Membership Program, free towels, free vacuums, and free mat washing stations. Express Wash was founded in 2014 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 2
Country (United States) 1 of 2
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Fins Car Wash

Charlotte, North Carolina, United States

Fins Car Wash is an exterior-only wash with 13 locations in Charleston, SC, Greenville, SC, Wilmington, NC, Greensboro, NC, and Winston-Salem, NC with plans to continue expanding throughout the Carolinas. Fins Car Wash is headquartered in Charlotte, North Carolina.

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