Magnolia Wash Holdings Acquires a Portfolio of 16 Express Car Washes

RipTide Car Wash was acquired by Magnolia Wash Holdings on Sep 08, 2022.

Deal Overview
Purchase Date
September 8, 2022
Primary State
North Carolina
Sites Bought
Deal Value
Transaction Synopsis
  • Magnolia Wash Holdings has completed the acquisition of 16 car washes across four different transactions and three states.
  • These transactions included the acquisition of car wash locations from RipTide Car Wash, Whatta Wash, Splash-N-Dash, and Pirates Cove Car Wash in North Carolina, Virginia, and South Carolina.
  • Magnolia now operates 35 express car washes in the Southeastern United States, with locations spanning from Florida to Virginia.
Market Significance
  • Magnolia continues to execute its strategy of creating regional density in the Southeastern United States.
  • Magnolia operates several brands across the Southeastern U.S market.  
  • Magnolia Wash Holdings is currently pursuing acquisitions in both new and existing markets in the Southeastern United States.
Client Impact
Management Commentary