Oaktree Capital Invests Majority Growth Capital in Magnolia Wash Holdings
July 25, 2023
Magnolia Wash Holdings, a Charlotte-based operator of express car washes (operating 93 locations with 25 more under construction), has received a growth capital investment from funds managed by Oaktree Capital Management, which acquired a majority ownership position. A&M Capital Opportunities Fund (AMCO) will retain a material minority stake; the capital will support Magnolia's continued expansion and membership-driven growth.
- Targets
- Magnolia Wash Holdings
- Industry
- Automotive
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Atlantic Street Capital Invests $70M in Zips Car Wash
June 18, 2024
Automotive
Atlantic Street Capital has made an additional $70 million investment in its portfolio company Zips Car Wash to support operating initiatives, member experience, leadership, and wash quality. The capital will be used to accelerate growth across Zips' ~270 locations and further develop its membership and equipment upgrades.
-
Imperial Capital-backed GO Car Wash Receives Growth Investment
December 12, 2023
Retail
Imperial Capital’s express car wash platform, GO Car Wash, has received a growth investment from an unnamed privately-held investment firm. The capital will be used to expand GO’s footprint and scale operations across existing and new U.S. markets; GO currently operates 142 express car wash locations nationwide.
-
AlphaCore Wealth Advisory Acquires Magnolia Lane Financial Advisors
January 1, 2023
Financial Services
AlphaCore Wealth Advisory, a San Diego–based wealth advisory firm, has acquired Greenwich-based Magnolia Lane Financial Advisors and will open its first East Coast offices in Greenwich, CT and Hilton Head, SC. Magnolia Lane founder Eric Gerster joins AlphaCore as Chief Investment Strategist to help lead the firm's East Coast expansion and investment strategy offerings.
-
Mammoth Holdings Acquires Coastal Carwash
April 28, 2022
Automotive
Mammoth Holdings LLC acquired three operating express conveyor car wash locations in Florida from Coastal Carwash and signed an agreement to purchase three additional locations under development. The deal doubles Mammoth's Florida footprint to six open locations as the Atlanta-based car wash platform (backed by Red Dog Equity) continues roll-up and development activity in the state.
-
Warren Equity Partners Acquires Majority Stake in Magnolia River
April 20, 2021
Engineering Services
Warren Equity Partners acquired a majority interest in Magnolia River International, Inc., a Decatur, Alabama–based provider of inspection, engineering, and GIS services for natural gas pipeline and water utility infrastructure. The PE firm plans to support Magnolia River's organic growth and pursue an acquisition strategy to scale the company across the fragmented utility infrastructure services market; financial terms were not disclosed.
-
Mammoth Holdings Acquires Ollie's Car Wash
April 7, 2021
Automotive
Atlanta-based Mammoth Holdings has acquired Ollie's Car Wash, a three-unit express conveyor car wash operator in Louisiana. The founders, Brady and Melissa Walton, sold the business and each rolled a significant portion of proceeds into equity of Mammoth, which is backed by Red Dog Equity.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.