Magnolia Wash Holdings acquires 16 locations along the Atlantic Coast - Professional Carwashing & Detailing

Magnolia Wash Holdings acquires 16 locations along the Atlantic Coast

CHARLOTTE, N.C. — The result of four transactions, these locations span North Carolina, South Carolina and Virginia.

CHARLOTTE, N.C. — Express Wash Operations LLC, dba Magnolia Wash Holdings, successfully completed the acquisition of 16 locations across four separate transactions on Sept. 3, 2021, according to a press release.

These included the acquisition of locations from RipTide Car Wash, Pirates Cove Car Wash, Whatta Wash and Splash-N-Dash in the North Carolina, South Carolina and Virginia markets. 

These acquisitions bring Magnolia to 35 operating express carwash locations in Florida, Georgia, North Carolina, South Carolina and Virginia.

Magnolia continues to execute against its strategy of creating regional density in the rapidly growing Southeastern U.S. and operates multiple local brands across its markets.

The company has eight additional locations under construction, with an extensive multi-year greenfield pipeline in development.

Magnolia was founded by Frank Bennett and Brooks Moye in 2014 and remains entrepreneurially oriented despite its experienced, professional leadership team. 

“We are proud to have met the objectives of these sellers and are excited to welcome our new teammates to the Magnolia family,” stated Kyle Poyer, chief financial officer of Magnolia. “The addition of these locations adds density to our North Carolina operations and provides scale ahead of in-process greenfield developments in Upstate South Carolina and Eastern Virginia.”

“We continue to seek growth and acquisition opportunities, prioritizing best-in-class sites as well as greenfield developments within our region,” commented Forrest Peters, vice president of development and integration at Magnolia.

“We believe our commitment to customer service, a premium consumer experience and our employees will continue to make Magnolia an attractive acquisition partner for other operators in the market,” added Andy Agostini, Magnolia’s vice president of operations. 

Read about the top 100 carwash M&A deals here.

You May Also Like

University of Memphis softball star featured in Car Wash Convos™

MEMPHIS, Tenn. — Neely Taylor chats about her softball journey, bedtime routines, and more in this week’s ZIPS Car Wash Convo™.

University of Memphis softball star featured in Car Wash Convos™

MEMPHIS, Tenn. — ZIPS Car Wash released its final Season 2 Memphis episode of Car Wash Convos™ featuring Neely Taylor, University of Memphis outfielder for the Tigers Softball team, the company announced in a press release.

Taylor hits a home run as she shares who got her softball career started, what time she needs to get to bed (no exceptions) and more in this entertaining episode filmed during a car wash at ZIPS in Memphis.

Firmament leads investment in Sparkle Express Car Wash Group

NEW YORK — Sparkle’s expansion receives a boost with Firmament’s backing, promising optimized operations and market penetration.

Firmament leads investment in Sparkle Express Car Wash Group
Whistle Express Car Wash acquires Rainforest Car Wash locations

CLEVELAND — Five new and rebranded locations will more than double the fast-growing Whistle Express Car Wash chain.

Mint Eco Car Wash and Detail Center wins three awards

WEST PALM BEACH, Fla. — Awards are from two of South Florida’s largest publications, The Palm Beach Post and South Florida Business Journal.

Mint Eco Car Wash logo
Express Wash Concepts hosts inaugural Washy Awards

COLUMBUS, Ohio — The Washy Awards recognized exceptional sites and team member contributions, as well as long term service anniversaries.

Other Posts

Building wealth with real estate syndications

One of the best kept secrets to building wealth and creating passive income.

Soapy Joe’s to celebrate ninth Soapy Joe’s Day

SAN DIEGO — Soapy Joe’s celebration also includes sign-ups for free Magic Joe carwashes and trying to break a world record.

Soapy Joe's to celebrate ninth Soapy Joe's Day
International Carwash Association welcomes Ben Higgs

WHEATON, Ill. — Higgs brings extensive experience from the auto dealer market to enhance the renowned LEAD carwash manager training program.

ica welcomes ben higgs
D&S Car Wash Supply acquires WashCard Systems

HIGH RIDGE, Mo. — WashCard develops payment hardware and software technology for the carwash sector, including tap-based payment methods.