M&A Deal Summary

Golden Gate Capital Acquires Tidal Wave

On December 30, 2020, private equity firm Golden Gate Capital acquired automotive company Tidal Wave

Acquisition Highlights
  • This is Golden Gate Capital’s 2nd transaction in the Automotive sector.
  • This is Golden Gate Capital’s 90th transaction in the United States.
  • This is Golden Gate Capital’s 6th transaction in Georgia.

M&A Deal Summary
Date 2020-12-30
Target Tidal Wave
Sector Automotive
Buyer(s) Golden Gate Capital
Deal Type Recapitalization
Advisor(s) J.P. Morgan Securities (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Tidal Wave

Thomaston, Georgia, United States
Tidal Wave is one of the fastest growing car wash chains in the country and is a recognized the industry with locations nationwide. Tidal Wave is committed to providing cutting-edge car care technology and exceptional customer service at each of their 250 plus locations across 27 states. Tidal Wave was founded in 1999 and is based in Thomaston, Georgia.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 101 of 112
Sector (Automotive) 2 of 2
Type (Recapitalization) 7 of 9
State (Georgia) 6 of 6
Country (United States) 90 of 100
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Aperio Group

Sausalito, California, United States

Aperio Group LLC designs and manages highly customized public equity portfolio solutions in separately managed accounts to meet the specific goals of advisors and their clients, specializing in three practice areas: Active Tax Management, Factor Tilts, and Socially Responsive Indexing/ESG. Through advanced processes, investor-focused portfolio construction research, and sophisticated technology, Aperio offers a level of customization unmatched in the industry. Aperio Group LLC was founded in 1999 and based in Sausalito, California.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Covia Holdings

Independence, Ohio, United States

Covia Holdings is a provider of mineral-based material solutions for the industrial and energy markets. Covia offers a broad array of high-quality mineral and material products to its customers, leveraging an extensive network of plants and terminals located across North America. Covia Holdings is based in Independence, Ohio.

Buy -
Mergr

Product

Company

Legal