Magnolia Wash Holdings Announces Growth Capital Investment
07/25/23, 7:30 PM
Location
charlotteIndustry
fashion
e commerce
Investors
A&M Capital Opportunities Fund, Oaktree, Oaktree Capital Management, L.P.
Magnolia Wash Holdings ("Magnolia" or "the Company"), a leading and fast-growing organization of express car washes committed to reinventing the consumer experience through technology and innovation, today announced it has received a growth capital investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree") to fuel the company's long-term growth strategy. As part of the transaction, Oaktree has acquired a majority ownership position in the Company. A&M Capital Opportunities Fund ("AMCO") will maintain a material minority ownership stake in the enterprise.
Company Info
Location
charlotte, north carolina, united states
Additional Info
Magnolia Wash Holdings operates several express wash brands throughout Alabama, South Carolina, North Carolina, Florida, Georgia, Virginia, Ohio and Tennessee all of which deliver a premium on-premise experience including its Unlimited Wash Club Membership Program, free towels, free vacuums and free mat washing stations. The Charlotte, North Carolina-based company is working to consolidate its operations under the Whistle Express banner in the coming months, debuting a new brand look and feel. For more information, visit www.magnoliawashholdings.com.