New investment for Club Car Wash
Club Car Wash and Express Wash Concepts will probably experience further growth in the foreseeable future, after a ‘strategic growth investment’ from Sculptor Real Estate.
In a press release issued by Wildcat Capital Management, the company announces the injection of more money into their carwash platform, of which Club Car Wash and Express Wash Concepts are a part.
The Wildcat car wash platform currently operates in over 225 locations across the United States, offering high-quality, convenient and affordable car wash services, it says.
“We are thrilled to partner with Sculptor Real Estate, which shares our vision to deliver the best car wash experience to our customers and communities,” said Roland Bartels, CEO of Club Car Wash. “Sculptor’s support will enable us to expand our footprint and reach new markets, while maintaining our focus on operational excellence and customer satisfaction.”
John Roush, CEO of Express Wash Concepts, added: “We look forward to working with Sculptor Real Estate as we continue to provide the highest quality and value to our dedicated customers, identify and acquire attractive sites for new car washes, and optimize our existing portfolio.”
Last year, Club Car Wash took over both Rapid Express Car Wash and Speedy Splash, resulting in rapid growth of the brand.