Magnolia Wash acquires 16 locations in the Southeastern US

The four separate transactions included locations across North Carolina, South Carolina, and Virginia markets, and bring Magnolia's nationwide store count to 35.

Magnolia Wash Holdings, a premium express conveyor car wash operator in the United States, completed the acquisition of 16 locations across North Carolina, South Carolina, and Virginia markets. The four separate transactions included centres from RipTide Car Wash, Pirates Cove Car Wash, Whatta Wash, and Splash-N-Dash.

These acquisitions bring Magnolia to 35 operating express car wash locations in Florida, Georgia, North Carolina, South Carolina, and Virginia. The company has eight additional locations under construction, with an extensive multi-year greenfield pipeline in development, according to a press release.

"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," stated Kyle Poyer, Chief Financial Officer of Magnolia.

"We continue to seek growth and acquisition opportunities, prioritizing best-in-class sites, as well as greenfield developments within our region," commented Forrest Peters, VP of Development and Integration at Magnolia.

Headquartered in Charlotte, North Carolina, Magnolia was founded by Frank Bennett and Brooks Moye in 2014. It operates 35 express car washes in the Southeastern U.S. under a family of brands, with locations stretching from Florida to Virginia.

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