Private equity firm acquires Splash Car Wash - Professional Carwashing & Detailing

Private equity firm acquires Splash Car Wash

GREENWICH, Conn. — The acquisition is part of Splash’s growth strategy.

GREENWICH, Conn. — According to www.petrolplaza.com, Palladin Consumer Retail Partners has acquired Splash Car Wash, which is based in Greenwich and has 18 locations in Connecticut and New York.

Splash Car Wash offers a full bevy of services, including full service, hand, express and self-serve washing as well as quick lube services, the article continued.

Palladin, founded in 1998, has helped to build numerous consumer and retail platforms, the article noted.

The portfolio team, led by Managing Director Anders Petersen and CEO Mark Schwartz, will work to expand Splash’s presence, the article added.

“We have spent over a year researching the carwash industry and identified Splash as a leading regional carwash operator and the perfect anchor acquisition,” said Petersen.

“Being able to work with them marks a critical next step in our growth strategy. Their expertise, support and leadership will provide creative insights and operational improvements that will be instrumental in becoming a major regional and national platform,” said Mark Curtis, CEO of Splash.

Goldman Sachs Specialty Lending Group provided debt financing for the transaction, the article concluded.

You May Also Like

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

WEST PALM BEACH, Fla. — According to a press release, Mint Eco Car Wash received three prestigious awards from two of South Florida’s largest publications in a press release.

For the third year in a row, Mint Eco has been awarded the title of "Best Car Wash and Auto Detailer in Palm Beach County" by the Palm Beach Post.

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.

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.

Other Posts

Building wealth with real estate syndications

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

Spark Car Wash Mount Holly hosts ribbon cutting with mayor

MOUNT HOLLY, N.J. — Mayor Chris Banks celebrated the opening of the new Spark Car Wash in the Mount Holly/Lumberton, New Jersey area. 

ScrubaDub, Cradles to Crayons help kids’ shoe needs

BOSTON — The program aims to provide proper footwear to local children living in homeless or low-income situations.

Car Wash Convos™ highlights University of Tennessee softball star

KNOXVILLE, Tenn. — In this episode, Kiki Milloy shares how her parents inspired her competitive spirit on the field.

Kiki Milloy Car Wash Convos