Blue Whale Car Wash Acquires Octopus Car Wash

Octopus Car Wash was acquired by Blue Whale Car Wash on Mar 24, 2023.

Deal Overview
Purchase Date
March 24, 2023
Primary State
Sites Bought
Deal Value
Transaction Synopsis

Secolo Land Development Co of Portland, Oregon has purchased Octopus Car Wash and will operate them as Blue Whale Car Wash.

Market Significance

The portfolio was purchased for a disclosed selling price of $15.4M or approximately $3.85M per site. This establishes the continuing persistence of private equity firms entering the car wash space and their ability to close on deals that fit their criteria.

Client Impact
Management Commentary