Big investment in Mint Eco Car Wash
Mint Eco Car Wash announced a capital raise this week, which allows the American car wash company to invest over $ 150 million in acquiring and developing car washes in Palm Beach County.
The initial investment will be used to buy 20 more car washes in the next two years. Mint Eco is aiming to reach 50 locations in Palm Beach County before 2030.
“We believe that car washes can be beautiful, car washes can be environmental leaders and car washes can support their local communities,” according to Geoffrey Jervis, Co-Founder and CEO of Mint Eco.
Mint Eco’s current portfolio consists of three car washes. After they acquired them, they all got an extensive renovation and were then rebranded. The prospected growth will come from a combination of additional acquisitions, as well as developing brand new sites. The southern company has already secured six properties for development.
All future locations will incorporate the latest eco-friendly renewable energy and water saving technologies, the company promises.Also read: