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Magnolia Wash Holdings Acquires Twins Car Wash

Magnolia Wash Holdings Acquires Twins Car Wash

Twins Car Wash was acquired by Magnolia Wash Holdings on Feb 25, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
February 25, 2022
Primary State
Georgia
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Magnolia Wash Holdings has successfully completed the transaction of four sites from Twins Car Wash.
  • These sites were located in GA, FL, and NC.
Market Significance
  • This acquisition brought Magnolia to 57 operating locations in Florida, Georgia, North Carolina, Ohio, South Carolina, Tennessee and Virginia.
  • Magnolia continues to execute against its strategy of creating regional density, operating multiple brands across its local markets.
Client Impact
Management Commentary