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Olympus Pines acquires Blue Sky Car Wash chain

Apr 11, 2025•4 months ago

Acquiring Company

Olympus Pines

Acquired Company

Blue Sky Car Wash

WashingtonLewis CenterFinancial ServicesVenture CapitalAutomotive

Description

Olympus Pines has acquired Blue Sky Car Wash and rebranded its five locations to Tommy's Express. The acquisition includes six sites for a total of $25.4 million. Olympus Pines aims to expand its reach in the car wash sector. This move adds to Tommy's Express's growing presence in Ohio.

Company Information

Company

Olympus Pines

Location

Washington, District Of Columbia, United States

About

Olympus Pines creates superior value for our investors by prioritizing our employees. Our focus is on developing, acquiring, and managing retail businesses. Our mission is to create the best jobs in the retail industry. Our first series of investments is in the development and acquisition of Tommy's Express car washes. Tommy's represents best-in-industry operations, sustainability, and employee empowerment.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed