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.
- Buyers
- Oaktree Capital Management (funds managed by Oaktree), A&M Capital Opportunities Fund (AMCO)
- Targets
- Magnolia Wash Holdings
- Industry
- Automotive
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
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