M&A Deal Summary

Garnett Station Partners Acquires Flagstop Car Wash

On January 11, 2023, private equity firm Garnett Station Partners acquired automotive company Flagstop Car Wash

Acquisition Highlights
  • This is Garnett Station Partners’ 3rd transaction in the Automotive sector.
  • This is Garnett Station Partners’ 14th transaction in the United States.
  • This is Garnett Station Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2023-01-11
Target Flagstop Car Wash
Sector Automotive
Buyer(s) Garnett Station Partners
Deal Type Recapitalization

Target

Flagstop Car Wash

Richmond, Virginia, United States
Flagstop Car Wash provides car wash in Richmond that offers free vacuums, free mat cleaners, free-to-use body and glass towels, glass cleaner, and free air fresheners. Flagstop Car Wash is based in Richmond, Virginia.

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Buyer(S) 1

DESCRIPTION

Garnett Station Partners is a private equity firm focused on the consumer sector. Specific areas of interest include food/beverage, health/wellness, automotive, and residential services. The Firm looks to commit $25 to $200 million per investment and will consider opportunities throughout North America. Garnett Station Partners was formed in 2013 and is headquartered in New York City.


DEAL STATS #
Overall 14 of 17
Sector (Automotive) 3 of 3
Type (Recapitalization) 1 of 2
State (Virginia) 1 of 1
Country (United States) 14 of 17
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Better Than Home

St. Louis, Missouri, United States

Better Than Home is a pet services consolidation platform focused on pet boarding, day care, and training. Better Than Home was formed in 2023 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Firebirds Wood Fired Grill

Charlotte, North Carolina, United States

Firebirds International is a contemporary-polished casual restaurant with 48 locations throughout the U.S. Firebirds Wood Fired Grill offers guests a unique dining experience featuring an exposed kitchen with its signature wood-burning grill. Firebirds International was founded in 2000 and is based in Charlotte, North Carolina.

Buy -