Who bought Hogwash Express Car Wash?

Flagstop Car Wash acquired Hogwash Express Car Wash Feb 22, 2023.

M&A History
Acquisition Date
February 22, 2023
Primary State
Virginia
Site Quantity
1
Deal Value
Undisclosed
Transaction Synopsis
  • Richmond, VA based Flagstop Car Wash continues their expansion in their home state with the purchase of Hogwash Express Car Wash.
  • Hogwash opened through a partnership between Janet and Tom Hogg, original owners of Hogwash, and Charlottesville based investment company River City Enterprises.
  • Hogwash will rebranded as the 15th Flagstop Car Wash in the Richmond, VA area.
Market Significance
  • Flagstop's growth plan is supported by a recent capital investment from New-York based principal investment firm Garnett Station Partners, LLC.
  • Financial terms of this deal were not disclosed.
Client Impact
Management Quote

“Janet and Tom have done an excellent job developing and operating top-tier carwash locations. The addition of Hogwash’s high-quality platform will complement our existing footprint across Richmond, bolstering our market position while giving our customers and club members an additional convenient location to wash with us. We are excited to welcome these new team members into the Flagstop family and look forward to seeing them grow within our organization.”

 Craig Marable, Vice President of Operations at Flagstop Car Wash
Craig Marable, Vice President of Operations at Flagstop Car Wash