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  6. Oaktree Capital Management Acquires Express Wash

M&A Deal Summary

Oaktree Capital Management Acquires Express Wash

On July 25, 2023, asset manager Oaktree Capital Management acquired consumer services company Express Wash

Acquisition Highlights
  • This is Oaktree Capital Management’s 3rd transaction in the Consumer Services sector.
  • This is Oaktree Capital Management’s 75th transaction in the United States.
  • This is Oaktree Capital Management’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-07-25
Target Express Wash
Sector Consumer Services
Buyer(s) Oaktree Capital Management
Deal Type Consolidation

Target

Express Wash

Charlotte, North Carolina, United States
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 based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 116 of 121
Sector: Consumer Services M&A 3 of 3
Type: Consolidation M&A Deals 3 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 75 of 78
Year: 2023 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 ESG

Newburgh, Indiana, United States

ESG is a sustainable energy solutions provider focused on energy efficiency, sustainability, resiliency, and infrastructure improvement solutions. ESG also offers a full range of sustainable infrastructure solutions including waste-to-energy, distributed generation, and renewable energy. ESG is based in Newburgh, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Aqseptence

Aarbergen, Germany

Aqseptence is an international equipment and solutions provider focused on water treatment and liquid/solid separation. The Group offers specialized equipment and solutions to blue-chip customers across a variety of sectors, including water treatment, power, energy, mining, and general industries. Aqseptence is based in Aarbergen, Germany.

Buy -
Mergr

Product

Company

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