Generation Growth Capital and Harrell’s Car Wash Systems acquire Washtech - Professional Carwashing & Detailing

Generation Growth Capital and Harrell’s Car Wash Systems acquire Washtech

MILWAUKEE — The acquisition allows Harrell’s to expand its regional footprint.

MILWAUKEE — Generation Growth Capital Fund III, LP (“GGC”), a Milwaukee-based private equity firm that invests in lower middle market companies, and Harrell’s Car Wash Systems Inc. (“Harrell’s”), one of the nation’s largest, full-service distributors of carwash systems and supplies, have announced the acquisition of Mid-Atlantic Car Wash Technologies Inc. (dba Washtech), according to a press release.

Senior financing was provided by Bell Capital Finance and mezzanine financing was provided by Exmarq Capital Partners and Medallion Capital, the release continued; terms of the deal were not disclosed.

Washtech is headquartered in Charlottesville, Virginia, and has been in the carwash equipment sales and service business for over 20 years, the release noted.

Washtech has service operations in Virginia, West Virginia, Maryland, New Jersey, Delaware and Pennsylvania, and is a distributor of PDQ Manufacturing, Sonny’s and Lustra, among other carwash equipment and chemical product lines, the release stated.

Washtech is the third add-on to join the Harrell’s platform, the release reported.

Craig Hanson, president and former owner of Washtech, will continue to manage the company going forward, the release added.

“We have made continued progress in scaling Harrell’s to become a leading distributor and service provider of carwash systems and products. Washtech is a very well-run business. The combined best practices of both Harrell’s and Washtech will strengthen our customer and vendor relationships,” said John Reinke, managing director of Generation Growth Capital Inc.

“I am more than delighted to join a company with a similar culture and commitment to customer service. As the carwash industry is becoming more consolidated, we found Harrell’s to be the best partner that aligns well with our core values,” said Craig Hanson.

“This is great news for our company and our customers. Teaming up with Washtech will allow us to expand our regional footprint and ensure the best customer service experience across the Harrell’s territory. Our shared vision for continued growth will take the Harrell’s platform to the next level. We are very excited about the opportunities ahead,” said Chad Tearman, president of Harrell’s Car Wash Systems Inc.

You May Also Like

Quick Quack Car Wash honored as a best led company in 2024

ROCKLIN, Calif. — Quick Quack Car Wash received a Glassdoor award honoring exceptional senior leadership at the company.

ROCKLIN, Calif. — Quick Quack Car Wash has been named a winner of Glassdoor’s inaugural award for Best-Led Companies 2024 in the United States, stated a press release.

This award honors companies with exceptional senior leadership teams that go above and beyond to redefine the employee experience.

PRT launches 59 new complete strut assemblies to North America

BUFORD, Ga. — The new items represent nearly 12 million vehicles in new coverage and extend the PRT portfolio in North American aftermarket.

Sud Stop launches first location with $5 premium plans

ORLANDO, Fla. — The Sud Stop Car Wash brand has sights on more than 30 express carwash locations across the Southeast United States.

Mammoth Holdings opens Today’s Car Wash

HEWITT, Texas — This is the eighth site under the Today’s Car Wash brand and represents Mammoth’s goal of reaching 500 sites nationwide.

mammoth holdings logo
Metro Express Car Wash CEO’s influential recognition

BOISE, Idaho — Bill Martin was honored as a CEO of Influence for his 50 years of dedication and innovation in the carwash industry.


Other Posts

NYSCWA spring tour covers many bases

CLIFTON PARK, N.Y. — The New York State Car Wash Association spent a day touring three unique washes in New York.

Spotless Brands expands to start 2024

OAKBROOK TERRACE, Ill. — Spotless Brands sets aggressive growth with new locations open in 2024’s first quarter.

Summit Wash Holdings announces $200M+ growth investment 

PALM BEACH GARDENS, Fla. — The carwash company is committed to strategic growth opportunities in existing markets.

National Carwash Solutions announces new CCO

GRIMES, Iowa — The new NCS CCO will leverage extensive experience in engineered products markets to enhance sales and marketing strategies.