Divestiture • Automotive

Warburg Pincus Acquires El Car Wash

On July 18, 2022, private equity firm Warburg Pincus acquired automotive company El Car Wash from National Express Wash

Acquisition Context
  • This is Warburg Pincus’ 6th transaction in the Automotive sector.
  • This is Warburg Pincus’ 230th transaction in the United States.
  • This is Warburg Pincus’ 11th transaction in Florida.

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M&A Deal Summary

Date July 18, 2022
Target El Car Wash
Sector Automotive
Buyer(s) Warburg Pincus
Sellers(s) National Express Wash
Deal Type Divestiture

Target Company

El Car Wash

Miami, Florida, United States
El Car Wash is a provider of quick, convenient, and spotless carwash services with 17 operating sites and a development pipeline throughout the state. El Car Wash was founded in 2011 and is based in Miami, Florida.
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Buyer Overview 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Buyer #
Overall 465 of 493
Sector: Automotive 6 of 6
Type: Divestiture 18 of 21
State: Florida 11 of 12
Country: United States 230 of 242
Year: 2022 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 RimRock Oil & Gas

Greenwood Village, Colorado, United States

RimRock Oil & Gas is an exploration and production company focused on the acquisition and development of oil and gas properties primarily in the Williston Basin. The Company currently operates approximately 30,000 net acres in the Fort Berthold Indian Reservation of Dunn County, North Dakota.

Sell $865M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Octus

New York, New York, United States

Octus is a provider of real-time news, commentary, and analysis on issues affecting the distressed debt, event-driven, and leveraged finance markets. Octus was founded in 2013 and is based in New York, New York.

Sell -

Seller Profile 1

SELLER

National Express Wash

United States

Category Company
Sector Business Services
DESCRIPTION

National Express Wash LLC is a newly launched platform focused on building a portfolio of market-leading express car wash businesses located in major North American markets. The company focuses on acquiring and developing express car washes with attractive underlying real estate.


Deal Context for Seller #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Divestiture 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 El Car Wash

Miami, Florida, United States

El Car Wash is a provider of quick, convenient, and spotless carwash services with 17 operating sites and a development pipeline throughout the state. El Car Wash was founded in 2011 and is based in Miami, Florida.

Buy -